Sony’s Remaining Acquisition Budget Is Running Low
Sony only has a relatively small portion left in its announced acquisition budget, which is supposed to last until 2024. In May 2021, the Japanese company announced that it had earmarked the equivalent of approximately $18.39 billion for “strategic investments” across the entire company. This included Sony’s potential acquisition of development studios and a push to grow the subscriber count for PlayStation Plus.
In that vein, many will remember that this led to a number of significant game studio acquisitions by Sony in 2021, including Returnal developer Housemarque; Bluepoint Games, the studio that provided the well-received remakes of Demon’s Souls and Shadow of the Colossus; as well as the lesser-known Firesprite, Nixxes Software, and Valkyrie Entertainment. 2022 followed with a few more developers being added to the PlayStation umbrella like Jade Raymond’s Haven Studios and, most notably, Bungie for $3.7 billion.
Rumor: Sony Could Have Made Another Studio Acquisition
In the company's recent Morgan Stanley web conference, it was revealed that Sony has only $5 billion remaining of that original $18 billion budget allotment. This money is intended to fuel investments and acquisitions up to 2024, after which it’s assumed that more funds will be allocated. However, this $5 billion number is noteworthy because it effectively puts to rest a number of rumors that have been circulating about Sony acquiring various game studios.
There have been several substantial acquisitions rumored to be taking place, particularly over the last year or so. This seems in part to be fueled by the ongoing controversy about Microsoft’s pending acquisition of Activision Blizzard. At any given moment, Sony has supposedly been in the process of
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