Looking at the company’s job postings, it seems like the Horizon Forbidden West developer is getting set to make further acquisitions of third-party videogame development firms. Sony is looking for a Head of Strategic Advancement to seek “inorganic growth prospects via purchases, partnerships or tie-ups,” according to a recent job posting discovered by industry expert Roberto Serrano.
SIE’s corporate aims are met through the group’s ability to locate, assess, and finalize deals that provide substantial long-term benefits to the firm.
“The group’s core approach comprises gaining industry intelligence via excellent domestic and foreign connections in order to find lucrative Mergers and acquisitions as well as financing possibilities,” the firm said.
Jim Ryan, Chairman, and head of Sony Interactive Entertainment echoed similar statements in the spring of 2022. The former said that the corporation is looking to acquire and combine with additional third-party companies in order to boost its industry share.
According to Ryan, “PlayStation Productions is in a pretty excellent position right now and has been for the previous several years.” In light of the creative and economic popularity of the products they’ve been developing, we’ve been granted the green light to spend extensively in resource production.”
Joining in on The Trend
This has become a crazy summer for business acquisitions. When Microsoft shocked the world by revealing their intended purchase of Activision Blizzard for an astounding $69 billion, Take-Two started this year by purchasing Zynga.
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Although Playstation was not feeling cornered, the company announced intentions to acquire Bungie, the creator of the Destiny game. Purchases, on the other hand, aren’t a 2022 fad. Sony purchased five gaming firms last year, namely Housemarque, the creator of Returnal, Bluepoint, the publisher of Demon’s Souls, Valkyrie Entertainment, and Nixxes.
Because of the recent purchases, the company is in need of a committed administrator to oversee potential mergers and acquisitions. In another sign of the videogame sector’s creeping monopolies, leading publishers and developers are bolstering their game libraries in preparation for the shift to membership pricing.
Playstation recently unveiled a new version of its PS Plus subscription program to compete with Xbox Game Pass. In order to render the program more appealing than the latter, it will do all it can to get PlayStation-exclusive third-party games.