Benzinga | Sep 30, 2021 01:23PM EDT

Sony Acquires Remake Studio Bluepoint Games For Undisclosed Terms

* Sony Group Corp (NYSE:SONY) acquired Bluepoint Games studio, famed for remaking Demon's Souls and Shadow of the Colossus.

* The financial terms of the transaction remain undisclosed.

* Bluepoint's vast expertise in world-building and character creation will be a massive plus for future PlayStation Studios properties.

* Sony held ?2.1 trillion in cash and equivalents as of June 30.

* Price Action: SONY shares traded lower by 0.84% at $110.55 on the last check Thursday.