Sony Interactive Entertainment (SIE) announced that it has entered into an agreement to acquire Seattle-based videogame developer, Valkyrie Entertainment. Best known for providing content and co-development services for several highly acclaimed studios, Valkyrie Entertainment will join PlayStation Studios as the 17th studio and will aid in the development of key PlayStation Studios franchises.
“Valkyrie Entertainment is a highly adaptable and respected studio which has produced high-quality work on a range of platforms from console to PC; and a variety of styles from action to games-as-a-service titles.Valkyrie’s diverse capabilities will be welcomed by every team at PlayStation Studios as we continue to focus on delivering extraordinary gaming experiences,” said PlayStation Studios head Hermen Hulst.
“Since 2002, we have contributed to well over 100 titles, including great PlayStation franchises, such as God of War, inFAMOUS, and Twisted Metal. In our next chapter, we are excited to continue our relationship with some of the most talented teams in the world, expanding and contributing to the portfolio of amazing games available for PlayStation fans,” said Valkyrie Entertainment president and founder Joakim Wejdemar.
The day-to-day operations post-acquisition will continue to be run by Valkyrie Entertainment’s current management team. Terms of this transaction including the acquisition cost are not disclosed due to contractual commitments.