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Sony paid £177 million cash for Spider-Man developer Insomniac

Marvel’s Spider-Man – Sony liked it so much they bought the company (pic: Sony)
Buying big name video game developers isn’t cheap, but Sony has revealed just how much it paid for the creators of Ratchet & Clank.
With the new generation of consoles about to begin, Microsoft and Sony have been buying up a lot of independent developers lately, to help ensure they have a steady supply of exclusive games.
Microsoft has been on the biggest spending spree, but we never got to find out how much they paid for studios like Obsidian Entertainment and Double Fine .
But thanks to a new SEC filing we do know how much Sony paid for Marvel’s Spider-Man developer Insomniac Games… $229 million, mostly in cash.

On the face of it that seems surprisingly cheap, as Insomniac are a big studio with a lot of major hits under their belt, including the original Spyro The Dragon games, Ratchet & Clank, and the Resistance: Fall Of Man series.
They’d had a lean few years prior to the 2018 release of Marvel’s Spider-Man, but after that became a major hit Sony snapped them up last August .
Most of Insomniac’s best-known games have all been published by Sony anyway, so the purchase seemed to be a smooth one. But while you’d assume Spider-Man 2 is a shoe-in they haven’t announced what they’re working on at the moment.
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Neither have a number of Sony’s other first party studios though, including Horizon Zero Dawn makers Guerrilla Games and Gran Turismo creator Polyphony Digital – although again it’s easy to guess in each case.
Obviously they’re busy making games for the upcoming PlayStation 5, but the main question is whether everything is going to be announced at once, in terms of the new games, or whether some studios, possibly including Insomniac, will keep their current projects secret for a while yet.

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