Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
Currency Markets Show Caution Amid U.S.-Iran Negotiations 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
U.S. Oil Prices Slide as Middle East Ceasefire Talks Spark Market Optimism 
Australia-EU Free Trade Deal Signed After Years of Negotiations 
Sony Group Corporation announced on Monday, Aug. 29, that has acquired the Finland and German-based mobile game developer called Savage Game Studios. The gaming console maker did not disclose the value of the deal.
As per Reuters, Sony Group’s acquisition of Savage Game Studios is part of its major push to go beyond the gaming console business. It can be recalled that back in May, Sony Interactive Entertainment’s president and chief executive officer, Jim Ryan, unveiled the company’s plans to expand its gaming portfolio.
He also mentioned that they are focusing on single-player games and will release more titles on mobile and PC. In any case, Savage Game Studios is still considered fresh in the business as it was only launched two years ago. Currently, it is focusing on live service action titles for mobile.
With the acquisition, Sony Interactive said that the game developer would soon become part of PlayStation Studios’ new mobile division. The Tokyo-headquartered Japanese multinational conglomerate is hoping that with Savage Game Studios in the house, it will be able to tap into more consumer spending on gaming by boosting its platforms.
“PlayStation Studios must continue to expand and diversify our offering beyond the console, bringing incredible new games to more people than ever before,” PlayStation Studios and Sony Interactive Entertainment Worldwide Studios head, Hermen Hulst, said in a press release. “Acquiring the talented team at Savage Game Studios is another strategic step towards that goal.”
He went on to say, “I am really excited about what Savage is working on, and I’m confident they will deliver a high-quality experience. Our move into mobile, like our expansion into PC and live service games, strengthens our capabilities and our community, and complements PlayStation Studios’ purpose to make the best games that we can.”
Meanwhile, Michail Katkoff, the co-founder and CEO of Savage Game Studios, said that the announcement of the company’s acquisition by the Sony Group simply reflects their belief that Sony Interactive Entertainment shares their passion for taking risks and experimentation. The gaming studio aims to bring more meaningful innovation to the gaming industry while working with a leading firm.
