Japanese video game company Sony Interactive Entertainment (SIE) has agreed to acquire its long-time partner and game developer Insomniac Games to further improve gaming experience and innovation in game development exclusively for the PlayStation platforms.

The developer of PlayStation 4’s Marvel’s Spider-Man and PlayStation Spyro the Dragon, Ratchet & Clank, and Resistance franchises will join the global development operation of SIE Worldwide Studios (SIE WWS), becoming the 14th game studio to join the SIE WWS family.

Insomniac Games in partnership with Sony Interactive Entertainment and Marvel Games, has launched Marvel’s Spider-Man, which has sold over 13.2 million copies worldwide as of 28 July 2019.

Commenting on Sony Interactive Entertainment acquisition of Insomniac Games, Shawn Layden – Chairman of SIE WWS, said: “Insomniac Games is one of the most highly-acclaimed development studios in the industry and their legacy of best-in class storytelling and gameplay is unparalleled.

“The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world class gaming experiences that can only be found on the PlayStation platform.”

The companies did not reveal financial terms of the acquisition which is subject to regulatory approvals and certain other closing conditions.

Ted Price – founder and CEO of Insomniac Games commented: “We’ve enjoyed a special relationship with PlayStation practically since our inception.

“Our partnership amplifies our potential, and Spider-Man was a testament to this.”

Sony Interactive Entertainment is a wholly-owned subsidiary of Sony Corporation and is responsible for the PlayStation family of products and services, including PlayStation 4, PlayStation VR, PlayStation Vita, PlayStation 3, PlayStation Store, PlayStation Plus, PlayStation Video, PlayStation Music, PlayStation Now, and PlayStation Vue.

  Insomniac Games, Shawn Layden, SIE Worldwide Studios, Sony Interactive Entertainment, Sony PlayStation, Ted Price