Update: Sony's investment in Devolver Digital has been made official. PlayStation tweeted recently to say it's "honored to be an investor" in the publisher:
This follows reports earlier today that the deal was on the cards following Devolver's move to a publicly traded company on the London Stock Exchange. You can read more about that below.
Original Story: Sony Interactive Entertainment is set to make a minority investment in Devolver Digital, according to recent reports. The Texas-based indie games label has begun publicly trading on the London Stock Exchange, and is currently valued at almost $1 billion.
According to GamesIndustry.biz, Sony will acquire a five per cent stake in the company, which is now the largest US-based company on the London Stock Exchange. This is all part of Devolver's plans to expand, says CEO Douglas Morin: "An IPO is the right choice for us to ensure our continued growth and support even more wonderful games," he said. "Being a public company gives liquidity to our amazing team, all of whom are shareholders. It also gives us access to capital markets to continue investing in our growth strategy and talent."
So, PlayStation is now somewhat invested in the success of Devolver. It's the publisher behind many hit indie games, including Fall Guys, Hotline Miami, Enter the Gungeon, and many more, including the upcoming Death's Door. While not every game hits Sony's platforms, the two companies have worked together before, with timed console exclusivity deals such as the aforementioned Fall Guys.
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