Sony Looks To Scoop This Mobile Games Business To Diversify Game Offerings

Sony Group Corp SONY looks to snap Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount, Reuters reports.
Earlier Sony's gaming chief Jim Ryan planned to radically broaden the games portfolio beyond the PlayStation 5 console and the group's focus on single-player games with more releases on PC and mobile.
Savage Game Studios, established two years ago and working on a live-service action title for mobile, will become part of a new mobile division of PlayStation Studios.
"PlayStation Studios must continue to expand and diversify our offering beyond the console, bringing incredible new games to more people than ever before," said Hermen Hulst, head of PlayStation Studios.
Sony struggled to meet the demand for PS5 consoles amid a supply chain crisis.
Recently Sony had to hike prices to counter FX headwinds and inflation.
Sony clocked a 2% sales growth to ¥2.31 trillion in Q1 as the gameplay time for PlayStation users declined 15% Y/Y.
Sony cut its FY22 operating profit outlook to ¥1.11 trillion from ¥1.16 trillion as its PlayStation division stuttered and game sales declined.
Price Action: SONY shares closed lower by 4.16% at $81.71 on Friday.
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