Sony Online Entertainment Sold & Renamed

Sony Online Entertainment will now be known as Daybreak Game Company.

The Verge reported that Sony Online Entertainment has been bought and renamed by investment management company Columbus Nova. The new company is well-known for creating the huge multiplayer online role-playing game "Everquest".

The newly named team made the official announcement on Reddit.

Dear Players, Partners and Friends,

Today, we are pleased to announce that we have been acquired by Columbus Nova, an investment management firm well known for its success with its existing portfolio of technology, media and entertainment focused companies. This means that effective immediately SOE will operate as an independent game development studio where we will continue to focus on creating exceptional online games for players around the world, and now as a multi-platform gaming company. Yes, that means PlayStation and Xbox, mobile and more!

As part of this transition, SOE will now become Daybreak Game Company. This name embodies who we are as an organization, and is a nod to the passion and dedication of our employees and players. It is also representative of our vision to approach each new day as an opportunity to move gaming forward.

So what exactly does this mean for you? It will be business as usual and all SOE games will continue on their current path of development and operation. In fact, we expect to have even more resources available to us as a result of this acquisition. It also means new exciting developments for our existing IP and games as we can now fully embrace the multi-platform world we are living in.

Our games and players are the heart and soul of our organization, and we are committed to maintaining our portfolio of online games and pushing the limits of where we can take online gaming together.

Thank you for your continued support. See you in game!

The Team at Daybreak

Reddit user SOE_Legion stated that the new name, "Daybreak", embodies them as an organization and stands for the passion and dedication that their players and employees have. He added that the name also represents their vision to take each day as an opportunity to improve gaming.

John Smedley, new Daybreak president shared that he was sad that most people from the old company will be laid off. Their goal as a company is to make incredible games and continue growing so they can bring their old people back.

He also announced his excitement via a Tweet: "Can't wait to make Xbox One games!"

PC Gamer reported that Daybreak will immediately resume business as usual and focus on creating excellent online games for players around the world.