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 Good Gear Guide 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

Cool Tech

Crucial Ballistix Elite 32GB Kit (4 x 8GB) DDR4-3000 UDIMM

Learn more >

Gadgets & Things

Lexar® Professional 1000x microSDHC™/microSDXC™ UHS-II cards

Learn more >

Family Friendly

Lexar® JumpDrive® S57 USB 3.0 flash drive 

Learn more >

Stocking Stuffer

Plox Star Wars Death Star Levitating Bluetooth Speaker

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

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.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?