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Sony is reportedly planning to bolster its PlayStation division further by acquiring more studios. Sony has been an on acquisition spree over the past two years, and it is seemingly looking for more studios to boost its position in the global gaming market.
There has been a visible move towards consolidation in the video game industry considering the high-profile acquisitions that were completed recently. For instance, Microsoft acquired ZeniMax and a number of other studios, with Sony following suit by acquiring 5 studios in 2021 alone. However, the Japanese tech giant’s most significant acquisition came in 2022 when Sony acquired Destiny 2 and former Halo developer Bungie for $3.6 billion. Now the conglomerate is looking to reinforce its position globally by allocating more funds for more such acquisitions.