Devolver Digital acquired Gungeon, Reigns and Stronghold developers – Sony invests via stock market float

It’s been a huge day for Devolver Digital, as they’ve floated on the London Stock Exchange with a valuation of almost $1 billion, and investments from NetEase and Sony to the tune of 7.97% and 5.03% respectively. Not only that, but the company has confirmed that they have acquired the developers behind the Gungeon, Reigns and Stronghold game series.

Dodge Roll (Enter the Gungeon), Nerial (Reigns, Card Shark) and FireFly Studios (Stronghold series) join Croteam (Serious Sam, The Talos Principle) as developers that Devolver Digital now owns.

Describing the acquisitions as welcoming them into the “strong but gentle arms of Devolver Digital”, a statement by Devolver explains “Those developers and our team looked ahead and saw that we’d be working together forever so we lovingly acquired them, mostly so they would hang out with us more. The games and experiences that these four studios have planned are incredible and each maintain their full creative autonomy afforded to them throughout our relationship. No specific plans for Enter the Gungeon 2 but rest assured we’ve asked them more than once.”

As for concerns that Devolver Digital will now suddenly change, that they will be forced to sell out their principles to third parties and foreign interests, or that they could simply be bought as a whole entity they state that “The employees of Devolver Digital are still the majority owners in the company – from those of us at that first picnic table meeting to those that joined this year, everyone at Devolver Digital owns a stake in the company, its future, and its future’s future.”

The float and investment gives Devolver Digital more scope to keep on growing, to invest in more games and projects that are different or larger than the types of game that they’ve considered in the past.

They conclude, “The team at Devolver Digital is forever thankful for the support you’ve shown to us and the developers that have trusted us as partners and we’re beyond excited at what the future holds. We’re all still sitting at a picnic table talking about video games, it’s just a bigger picnic table. Oh, and please buy Inscryption.”

Source: Devolver, Gematsu

Source: https://www.thesixthaxis.com/2021/11/04/devolver-digital-gungeon-reigns-stronghold-acquired-sony-stock-market-investment/