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Sony paid $229 million, mainly in cash, to acquire Insomniac Games in November 2019
- Thread starter Kolx
- Start date
Almost certainly. They were privately owned so it depends on how their ownership was setup.
I wonder how much MS spent on Ninja Theory, PlayGround, Double Fine and Obsidian? Those were the biggest of the ones they bought.
As for Insomniac, that was a fair price due to lack of IP owned. It's a good idea to keep them with Ratchet, Spidey, Resistance, etc. instead of risking and Spyro and having the games fall into the wrong hands.
As for Insomniac, that was a fair price due to lack of IP owned. It's a good idea to keep them with Ratchet, Spidey, Resistance, etc. instead of risking and Spyro and having the games fall into the wrong hands.
I imagine Insomniac not owning Ratchet & Clank, Resistance, Spider-Man and Spyro kept the price low. Feels like it was meant to be tbh. Insomniac made some great games for non-Sony platforms but they didn't find commercial success. They've come home after a (commercially) failed adventure. Looking forward to seeing what they're doing next. It feels like it's time for sequels but I hope they can do a new IP on the side of Ratchet, Spidey and Resistance.
Sony must have made hundreds of million from Spider-Man alone tbh so Insomniac sort of paid for the acquisition themselves.
Sony must have made hundreds of million from Spider-Man alone tbh so Insomniac sort of paid for the acquisition themselves.
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People seem to have very warped ideas as to studio value.
This is one of the biggest payouts in a long time.
This is one of the biggest payouts in a long time.
Wow, I'm guessing it was that low because of the lack of valuable owned IPs? Because that price seems like a steal.
Shake your money maker
Like somebody 'bout to pay ya
I see you on my radar
Don't you act like you afraid of shit
You know I got it
If you want it, come get it
Stand next to this money
Like, eh, eh, eh
Like somebody 'bout to pay ya
I see you on my radar
Don't you act like you afraid of shit
You know I got it
If you want it, come get it
Stand next to this money
Like, eh, eh, eh
just give them money and let them do whatever they want Sony
Honestly i thought more than Respawn.
I mean Insomniac was bigger at that time and they were bought after Spider-Man, Respawn had 0 IPs and they were much smaller prior to EA acquisition, after Apex Legends and SWJFO made a bank their price skyrocketed and EA made a good investment but i always thought Insomanic price was higher.
- Try a grand. - Then you overpaid.
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OP
OP
If I remember correctly, it should be the same price as the Insomniac one.
I'm pretty sure Respawn owned Titanfall. They were just partnered with EA.
Who was out there hoping to scoop up Insom other than Sony?
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Less than I thought considering the size, talent and variety. But Insomniac did not own noteworthy IP's inhouse despite delivering classics with partners.
They are a perfect fit with Sony though:
Mainly big AAA singleplayer, adventure/platformers, open-world and Virtual Reality.
They are a perfect fit with Sony though:
Mainly big AAA singleplayer, adventure/platformers, open-world and Virtual Reality.
Damn, Insomniac gave them a great deal. I guess being that close for over 20 years really softened up negotiations.
When they buy the studio do they also have long term contracts for the employees or are they just buying the ips? Not that anyone is planning to leave but how do you retain the talent other than making it a place you want to work at?
Currently a market cap of €169mil http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=HEX137987&name=Remedy Entertainment
And if you compare Remedy with Insomniac, the former is REALLY overpriced lol
Insomniac wasn't forced to sell, if the people in charge of making the call on selling the company wanted to they simply could have denied this offer and asked for more.
Why the hell in cash?! Isn't that just going to be put into Insomniac's account anyway? Wouldn't a "simple" transfer be easier?
Yeah this.
I'll chip in too if Sony's short on coins.
Yeah this.
I'll chip in too if Sony's short on coins.
While this is an interesting thing to know, kinda disappointing that this is the biggest story of the day.
At least Dreams reviews are coming I guess and some people will be having fun with the game tomorrow while the others wait. -_-
At least Dreams reviews are coming I guess and some people will be having fun with the game tomorrow while the others wait. -_-