According to a report on GI.biz, Sony Interactive Entertainment is poised to make a 5% investment in publisher Devolver Digital.The company is currently trading on the London Stock Exchange’s sub-market, AIM, in wake of a flotation valuing Devolver Digital at nearly one billion dollars. Fieldfisher, the law firm that is advising the publisher, confirmed that it had received a “significant strategy investment from a key industry player.”An official announcement regarding the investment has yet to be made by Sony or Devolver Digital.Devolver Digital is best known for distributing a variety of indie games, and has been active since its formation in 2009. The company is set to publish a number of major titles in the coming months, including Shadow Warrior 3 and Demon Throttle.Said Douglas Morin, CEO Devolver Digital:An IPO is the right choice for us to ensure our continued growth and support even more wonderful games. Most importantly, it will allow us to retain our culture. Being a public company gives liquidity to our amazing team, all of whom are shareholders. It also gives us access to capital markets to continue investing in our growth strategy and talent.Related Content – Sony PS5 Complete Guide – A Total Resource On PlayStation 5[Source – VGC]
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