Technology

Sony's gaming division to buy 'God of War' maker Valkyrie Entertainment

The deal marks Sony Interactive Entertainment's fifth acquisition this year

The logo of Sony Interactive Entertainment is seen in Tokyo, Japan May 23, 2018. Photo: REUTERS/Toru Hanai/File Photo

Sony‘s wholly-owned gaming division said on Friday it had agreed to buy God of War developer Valkyrie Entertainment for an undisclosed amount, as it seeks to add more muscle to its PlayStation Studios.

The deal marks Sony Interactive Entertainment’s fifth acquisition this year, following its buying of Nixxes Software, Returnal developer Housemarque, Bluepoint Games, and Firesprite.

READ ALSO: Smartphones and cloud gaming are taking gamers to next level of access in Latin America

People had turned to video games for entertainment during last year’s lockdowns, sparking a boom that is yet to slow down despite schools reopening and COVID-19 restrictions easing.

READ ALSO: Latin America surpasses the U.S. and Europe and is already the second fastest-growing streaming market in the world

Seattle-based Valkyrie, which also makes other popular titles such as “Twisted Metal” and “inFAMOUS” and has also worked on the “Forza Motorsport” franchise, will continue to be run by its current management team.

Hermen Hurst, the head of PlayStation Studios, said in a tweet that Valkyrie would be making “invaluable contributions” to the division’s franchises.

EBANX LABS
Get the best insights about Latin America market in your inbox