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Tuesday, March 21, 2023

Finland’s game-developing studio is acquired by Sony Interactive Entertainment

Savage Game Studios, based in Finland and Germany, is being acquired by Sony Interactive Entertainment. The startup makes action games with epic stories to foster lasting connections with players around the world and now is working on an unannounced new AAA mobile live service action game. With this acquisition, Savage Game Studios will be a new member of PlayStation Studios Mobile Division.

Savage Game Studios is led by veteran co-founders Michail Katkoff (Rovio, Zynga, Fun Plus, Supercell), Nadjim Adjir (Wargaming, Rovio, Gree), and Michael McManus (Wargaming, Insomniac, Kabam), who collectively bring decades of mobile game development and operating experience. Their team is already at work on an unannounced new AAA mobile live service action game.

Savage Game Studios, Sony Interactive Entertainment, Playstation, Hermen Hulst“PlayStation Studios must continue to expand and diversify our offering beyond console, bringing incredible new games to more people than ever before,” said Hermen Hulst, Head of PlayStation Studios. “Acquiring the talented team at Savage Game Studios is another strategic step towards that goal.

I’m really excited about what Savage is working on and I’m confident they will deliver a high-quality experience. Our move into mobile, like our expansion into PC and live service games, strengthens our capabilities and our community, and complements PlayStation Studios’ purpose to make the best games that we can.”

Savage Game Studios, Michail Katkoff“Savage Game Studios was founded by industry veterans yearning to challenge the status quo and bring meaningful innovation to mobile gaming,” said Michail Katkoff, CEO and Co-founder of Savage Game Studios. “Today’s announcement reflects our firm belief that SIE shares our passion for experimentation and taking risks.

We have great admiration for the consistency and quality of PlayStation’s first-party catalog, knowing just how hard it is in this industry to deliver time and time again as they have. We’re honored to become part of that legacy, and to join PlayStation Studios’ world class collective of immensely talented designers, artists, and engineers. We’re early in development on our unannounced project but can’t wait to show you more of what we’re working on.”

Savage Game Studios will join the newly created PlayStation Studios Mobile Division, an independent operation from console development. The PlayStation Studios Mobile team is focused on creating new experiences for players through innovative, on-the-go gaming based on new and existing PlayStation IP that meets PlayStation Studios’ high-quality standards. SIE’s efforts to reach gamers wherever they play – be that mobile, PC, or live service offerings – will continue to complement its existing expertise building unparalleled single-player, narrative-driven AAA console games.

The day-to-day operations post-acquisition will continue to be run by Savage Game Studios’ current management team. Terms of this transaction including the acquisition cost are not disclosed due to contractual commitments.

Click here to read more M&A news.

Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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