Sony Online Entertainment sold off

Sony Online Entertainment has been sold off to investment management firm Columbus Nova.

As part of the deal SOE will be renamed Daybreak Game Company. The studio will continue working on recently released Steam Early Access title H1Z1, as well as EverQuest Next and Landmark.

The developer will now also work across platforms on Xbox One, PS4 and PC.

“We are excited to join Columbus Nova’s impressive roster of companies,” said Daybreak president John Smedley.

“They have a proven track record in similar and related industries and we are eager to move forward to see how we can push the boundaries of online gaming. We will continue to focus on delivering exceptional games to players around the world, as well as bringing our portfolio to new platforms, fully embracing the multi-platform world in which we all live.”

Sony Online Entertainment was formed in 1995 and has worked on numerous multiplayer games including PlanetSide 1 and 2, DC Universe Online, Star Wars Galaxies and EverQuest.

Columbus Nova was founded in 2000 based and is said to manage more than $15 billion of assets.