Sony Is Reportedly Investing in Devolver Digital

Sony is reportedly investing in Devolver Digital, the indie publisher behind the likes of Hotline Miami, Inscryption, and Death’s Door.

According to a report from GamesIndustry.biz, Sony is set to make a 5% investment in the company. This follows the announcement that Devolver Digital has been valued at $950 million after being floated on AIM, a sub-market of the London Stock Exchange.

The GamesIndustry.biz report notes that the European law firm that advised Devolver, Fieldfisher, noted that the company has received a “significant strategy investment from a key industry player.” The report then states that such a key industry player is apparently Sony Interactive Entertainment.

Devolver Digital has two headquarters; one in Austin, Texas and another in London, UK. This new move onto the stock exchange has provided the company with $50 million in gross proceeds, which are set to be used to expand the company.

Devolver started back in 2009, and rose to prominence with games such as Hotline Miami and Shadow Warrior. It is now one of the most notable publishers of indie games, having this year published game-of-the-year contender Inscryption, Loop Hero, and Death's Door. Early next year it will release Weird West, the new game from the founder of Arkane Studios.

Matt Purslow is IGN's UK News and Entertainment Writer.

source https://www.ign.com/articles/devolver-digital-sony-investment