The games industry has been in the grips of an acquisition race for a couple of years at this point, and it doesn’t look like that momentum is going to slow down anytime soon (as very recent events have only served to reinforce). Sony, of course, has been quite active on that front as well, having acquired a number of studios last year and beginning 2022 with the acquisitions of Bungie and Haven Studios- and it would seem there’s still more to come from them.
Sony recently published a job ad for the position of Director, Corporate Development, which suggests that the company is eyeing yet more acquisitions, with the listing stating that the successful applicant will be responsible for “responsible for identifying inorganic growth opportunities through acquisitions, investments or joint ventures” and “to identify attractive M&A and investment opportunities.”
The job listing further mentions work involving “the major strategic themes that guide SIE’s M&A strategy” and “the alignment process for proposed M&A projects”. Meanwhile, the requirements listed in the job ad also include a “proven track record of leading all parts of the end-to-end M&A process for both large and small transactions, including acquisitions, joint ventures and investments” and “the ability to structure the rationale for M&A recommendations and to support it with data and financial models.”
This, of course, shouldn’t come as much of a surprise. Sony has insisted time and time again in recent months that even with its string of purchases, the company is still eyeing more acquisitions- including as recently as a month ago.
Recent reports have suggested (yet again) that WB Games-owned studios and IPs are going to be up for sale soon, with Sony mentioned as one of several parties interested in splashing the cash on some of those names. Industry analyst Michael Pachter believes that that would be the smart move to make for PlayStation- read more on that through here.
Meanwhile, Xbox is also looking to recruit people to bolster its own acquisitions strategy.