Sony is buying 'Spider-Man' and 'Ratchet & Clank' developer Insomniac Games

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Sony is buying 'Spider-Man' and 'Ratchet & Clank' developer Insomniac Games
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Sony wants to build on its success with exclusive titles to rival Microsoft's Xbox console.

Marvel Spider-Man signage is seen at the Sony Corp. PlayStation booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018.gaming division announced late Monday that it will buy U.S. video game developer Insomniac Games.

Sony Interactive Entertainment said the company would be run by current management and SIE's video game development arm in San Mateo, California, once the deal closes. Financial terms were not disclosed.

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