Sony is Looking to Acquire Developer Splash Damage's Parent Company

Ruben Fields
July 4, 2020

It was recently announced that Sony is placing a bid for Leyou Technologies Holdings; the company now owns a majority stake in Warframe developer Digital Extremes. In May, the Chinese gaming company announced it had received a non-binding takeover offer from Shenzhen-listed rival Zhejiang Century Huatong Group. Other studios owned by Leyou include Splash Damage (who recently developed Gears Tactics), Radiance Games, Athlon Games (a California-based publishing label that published Samurai Shodown worldwide in 2019), and Kingmaker.

That's according to Bloomberg, which says the Japanese giant might be interested in snapping up the company and has brought a financial advisor on board to place the offer.

Leyou Technologies now owns Digital Extremes, the developer of Warframe, as well as Gears Tactics developer Splash Damage. According to the company's website, it is also partnering with co-produce a video game based on the iconic fantasy series "The Lord of the Rings". PlayStation fans might not have a lot to look forward to in terms of exclusives if Leyou is owned by Sony because this investment could be exclusively for increasing quarterly revenue and industry influence. While some of these names bear little notoriety, Leyou is now valued at $1.23 billion and collaborates with major gaming companies often. Leyou's arsenal of licensed and F2P games would contribute greatly to these earnings and give Sony a more established foothold in the Chinese and global markets.

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"Sony is aiming to edge out other bidders with its greater financing clarity", commented Nicholas Cooke, Head of Corporate Trading at Saitama Rakuten International.

Talks are ongoing and a final decision has not been made, and other bidders can still emerge, the report concluded.

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