Sony will be making a 5% investment into Devolver Digital, according to a report from GamesIndustry.biz.
On November 4, Devolver Digital began trading on AIM, a sub-market of the London Stock Exchange. The company has been valued at $950 million dollars. This value has made it the biggest US based company to be admitted to the London Stock exchange.
“According to Fieldfisher, the European law firm that advised Devolver, the publisher has received a “significant strategy investment from a key industry player.” says GamesIndustry.biz. This was before the confirmation that Sony would be investing in the company. So likely that is who the “key industry player” is.
Sony confirmed the news of their 5% investment into Devolver Digital on their official Twitter account. GamesIndustry.biz also said “The floatation provides Devolver Digital with $50 million in gross proceeds that will be put towards the company’s expansion plans“. NetEase will be retaining an investment in the company.
The investment news could be a sign that Sony is planning on upping their indie output further. The first showcase of PS5 games that we saw last year featured a number of indie titles. Sony clearly has indies in mind for their current gen console. Though we haven’t seen many new announcements since the showcase from the company. This is likely because of the pandemic. So it makes sense for Sony to be more focusing on AAA releases.
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Featured Imaeg Credit: Devolver Digital