Last August, Sony surprisingly announced its acquisition of Insomniac Games, developer of Marvel?s Spider-Man and Ratchet & Clank. At the time, little was known about the deal itself, including how much money exchanged hands. Now that picture?s a bit more clear. In purchasing the long-independent studio, Sony dished out approximately 24,895 million yen, which translates to $229 million USD.
This development comes courtesy of Sony Corporation?s Quarterly Securities Report with the Securities and Exchange Commission (SEC). According to the report, much of the figure was paid in cash back in November 2019. It?s worth noting that ?based on the final closing date financial statements of Insomniac Games,? this number could be adjusted by the end of this fiscal year on March 31, 2020.
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