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Sony Online Buys Online Gaming Studio Sigil

By Rafat Ali - Tue 15 May 2007 04:32 PM PST

Sony Online Entertainment, the online gaming arm of Sony, has bought Carlsbad, CA-based Sigil Games Online. Through the deal, SOE now owns “Vanguard: Saga of Heroes”, Sigil’s flagship MMO game. In May 2006, SOE acquired the title’s rights and the two companies agreed to co-publish Vanguard. The MMO launched in late January of this year and has sold nearly 200K retail and digital units worldwide, the companies said. Some more details here.
NextGen: Out of the 100 employees Sigil has, “less than half” will be losing their jobs in the wake of the acquisition, the company said. Those who were laid off typically held positions that were “redundant,” such as customer service and marketing jobs, a Sony Online spokesperson said.

Posted in: Companies, Sony, Entertainment, Gaming, VC+M&A



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