Sony has sold SOE

Sony has sold off Sony Online Entertainment to an investment management firm known as Columbus Nova. The developer will now be re-branded as Daybreak Game Company and will finally be able to make games for other platforms.

SOE has been responsible for many multiplayer titles, including DC Universe, EverQuest, the recently launched H1Z1 and even Star Wars Galaxies back in the day. The announcement was made by an SOE employee on Reddit who said: “This name embodies who we are as an organisation, and is a nod to the passion and dedication of our employees and players. It is also representative of our vision to approach each new day as an opportunity to move gaming forward.”

Just last year SOE had to let go a bunch of employees at its San Diego and Austin offices. According to Tech Crunch, SOE's new owner, Columbus Nova, will continue to support the publisher's current online catalogue and plans to release Everquest Next soon are still on track.

Apparently the console and mobile platforms will play an important part in Daybreak Game's future. Company President, John Smedley even went as far as to announce on Twitter that he “can't wait to make Xbox One games!”

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KitGuru Says: Sony has been cutting off parts of its business over the last year in an effort to return to profitability. SOE will still be around, although it will be under a new name and will have much more freedom now that it isn't tied down to Sony. What do you guys make of this? Was selling off SOE a good move?

Source: Reddit
Via: Tech Crunch

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