Hotline Miami, Death's Door publisher Devolver get a big investment from Sony

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Sony acquires a minority stake in the U.S. publisher

The Last of Us Hotline Miami
(Image credit: PlayStation Studios)

Sony has acquired a minority stake in publisher Devolver, making an investment of 5% in the company.

Just earlier today on November 4, indie publisher Devolver went public, and began trading on a sub-market of the London Stock Exchange. A matter of hours later, GamesIndustry.biz learned that Sony has made a significant investment in Devolver, ultimately acquiring a minority stake in the U.S.-based publisher.

Fieldfisher, the European law firm that's been advising Devolver on its move to go public, confirmed that it had received a "significant strategy investment from a key industry player." Additionally, Devolver has also seen a slate of investments from institutional investors in the U.S.

In all, as GamesIndustry.biz reports, Devolver has been valued at around $950 million since it first started trading on the London Stock Exchange earlier this morning at 8 a.m. It should be noted that aside from Sony's investment, Chinese giant NetEase has retained an investment in Devolver, providing $211 million in cash placing for management and existing investors.

Hirun Cryer
Hirun Cryer
Freelance Writer

Hirun Cryer is a freelance reporter and writer with Gamesradar+ based out of U.K. After earning a degree in American History specializing in journalism, cinema, literature, and history, he stepped into the games writing world, with a focus on shooters, indie games, and RPGs, and has since been the recipient of the MCV 30 Under 30 award for 2021. In his spare time he freelances with other outlets around the industry, practices Japanese, and enjoys contemporary manga and anime.