Sony sheds online game unit known for EverQuest

Bought by Columbus Nova, Sony Online Entertainment becomes an independent game development studio

Sony has sold Sony Online Entertainment, an Internet games company it established in the 1990s, to investment firm Columbus Nova.

SOE has been renamed Daybreak Game Company and will operate as an independent game development studio producing titles for the PlayStation and Xbox, according to a statement on its forum.

"All of our games are still here and will continue to be," Daybreak president John Smedley wrote in a message on Twitter, adding that the company is still working on EverQuest Next, the latest sequel to 1999's EverQuest, a massively multiplayer online role-playing game (MMORPG).

With an emphasis on PC games, the company had been in the shadow of Sony's more popular video game hardware business including the hit PlayStation 4 console, as well as the recent rise of games for mobile platforms.

"We determined it was in the best interest of both entities to allow the studio to realize its full potential as a multi-platform online gaming company," Sousuke Kamei, a spokesman at Sony's Tokyo headquarters, said via email.

"The environment surrounding the game industry is always challenging, and we are doing a review of our business on a regular basis. As part of it, we decided to sell SOE for strengthening the overall business quality in order to increase higher profitability," Kamei said.

SOE is the latest business to be shed by the struggling manufacturer, which sold its Vaio PC business and pulled out of e-readers last year.

Tim Hornyak covers Japan and emerging technologies for The IDG News Service. Follow Tim on Twitter at @robotopia.

Join the PC World newsletter!

Error: Please check your email address.

Tags gamesSony Online Entertainmentsony

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tim Hornyak

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?