HomeTechnologySony to Acquire Mobile Game Developer in Expansion Effort

Sony to Acquire Mobile Game Developer in Expansion Effort

The Sony Group Corp announced on Monday its intention to acquire Savage Game Studios for an undisclosed fee. The decision to purchase the Berlin and Helsinki-based mobile games developer comes as the Japanese tech conglomerate looks to expand its business beyond the console gaming market, which it has long had a foothold on with its Playstation video game consoles.

“PlayStation Studios must continue to expand and diversify our offering beyond console, bringing incredible new games to more people than ever before,” Hermen Hulst, head of PlayStation Studios, said about the company’s acquisition efforts.

Prior to expressing an interest in Savage Games Studios, Sony had already begun its efforts to expand beyond its Playstation business, broadening its gaming portfolio with single-player games designed for both PC and mobile platforms.

As technology continues to shift and reduce the reliance on bulky hardware, Sony is looking to keep up to date with consumer trends while also tapping into consumer spending as much as possible by releasing products on an expanding line of platforms.

Currently, Sony is struggling to produce enough Playstation 5 consoles to keep up with demand due to supply chain shortages.

Euro Zone Retail Sales Slip in October

Euro Zone retail sales were lower than expected in October, data released on Monday by the European Union's statistics office revealed. This indicates a...

European Central Banks Look to Bring Inflation Back to 2% Target

France and Germany's central bank officials have announced their aim to bring inflation back to its 2% target. In a joint interview, Bank of...

Dollar Steadies Near 16-Week Low While Yuan Approaches 15-Year Record Gain

The U.S. dollar stabilized on Friday near a 16-week low when measured against a basket of other currencies including the euro. The currency fell...