Report: Sony might put in bid for Leyou Technologies

Report: Sony might put in bid for Leyou Technologies

PlayStation maker Sony might be putting in a bid to buy Hong Kong-based Leyou Technologies Holdings.

That's according to Bloomberg, which says the Japanese giant might be interested in snapping up the company and has brought a financial advisor on board to place the offer.

Leyou owns a number of games firms, including Warframe studio Digital Extremes as well as UK developer Splash Damage. It's also working on an MMO based on Amazon's upcoming The Lord of the Rings TV show.

Chinese firm IDreamSky was in talks to buy Leyou in December 2019. In February of this year, it was revealed that buyout firm CVC Capital Partners was talking to IDreamSky about buying Leyou. The COVID-19 coronavirus pandemic put these talks on ice, however.

Since, Leyou has received a takeover offer from Zhejiang Century Huatong Group.

The news of Sony's involvement led to a 9.8 per cent increase in valuation of Leyou's stock.

Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch for Steel Media before departing the firm in October 2019.

He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.


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