E3: Sony Takes 5 Stake In Devolver Which Has Gone Public
Devolver Digital, the "boutique" games publisher behind Hotline Miami and Fall Guys and the host of E3's most outrageous showcase, has gone public, and Sony is reportedly a minority investor.
GI.biz reports that Devolver Digital is now trading publicly on the London Stock Exchange's sub-market, AIM. With the offering, Devolver is valued at around $1 billion, the report said.
The site reported that Sony Interactive Entertainment is making a 5% investment in Devolver. Additionally, Devolver is getting $50 million as part of the offering that will be used to help the company expand. Existing management and investors will get a "cash placing" of $211 million.
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