Sony paid 208 million euros for Spider-Man developer Insomniac Games

Sony acquired Insomniac Games last year for an amount of 24.895 billion yen, equivalent to 207.57 million euros. Sony has disclosed this in financial documents. Insomniac is best known for Marvel’s Spider-Man released for the PlayStation 4.

In addition to the acquisition amount, Sony’s filing for the US Securities & Exchange Commission, or SEC, states that the acquisition closed on November 15. Sony announced in August last year that it wanted to acquire Insomniac, but the acquisition amount was not disclosed at the time.

Sony bought the studio to be able to release exclusive game titles for the PlayStation. At the time of the announcement of the acquisition, Insomniac was Sony Interactive Entertainment’s fourteenth in-house studio. In addition to Spider-Man, the studio made other PlayStation titles such as Ratchet & Clank, Resistance and Spyro the Dragon, as well as Windows games.

Sony incorporated the studio with the PlayStation 5 on the way. The company faces competition from Microsoft’s Xbox X Series, which also took over studios for exclusive titles. In addition, Google is working on several studios that make games for its Stadia game streaming service.

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