Sony plans further acquisitions in 2023 

Written By

Rahul Bhagat

Sony has announced that it will increase its acquisition-related costs by 20% for the 2023 fiscal year compared to the same period in 2022.

This suggests that Sony has further acquisitions planned for the coming year.

Last year, Sony acquired Bungie and Haven, and it's likely that the company will make multiple acquisitions in 2023.

However, these acquisitions may not necessarily be related to gaming, as Sony is a large conglomerate with various divisions.

Sony's president, Hiroki Totoki, made the announcement about increased acquisition costs during the company's earnings report.

Jim Ryan, the head of PlayStation, had also hinted at further acquisitions last year.

If Sony does acquire more studios, it could lead to the creation of new games for the PS5.