PlayStation Just Announced A Major New Acquisition

Sony Interactive Entertainment has officially announced its latest acquisition. While it's not quite on the level of Microsoft buying Bethesda or Activision, it's a big move that will help further the company's esports ambitions.

Sony has officially acquired Repeat.gg, a popular esports platform that hosts tournaments for all kinds of games, including Call Of Duty: Warzone, PUBG, League Of Legends, and Fortnite. Competing players can earn coins, which can then be traded in for gift cards for various digital storefronts such as Amazon, G2A, and the PS Store.

Sony will no doubt use the platform already established by Repeat to push forward with its own PlayStation Tournaments plans, an initiative in which players can compete to earn PSN credit.

In a blog post, Repeat stressed that this new deal doesn't mean its platform is suddenly going to shift to PlayStation-only games.

"Repeat is a gaming community first and foremost and will continue with that focus in mind. We will continue to support PC, mobile and other consoles alongside PlayStation," they wrote.

"This includes the addition of the most popular competitive game titles, regardless of what platform they are available on."

Steven Roberts, vice president of global competitive gaming at Sony Interactive Entertainment, added: "At PlayStation, our vision for esports has always been about breaking down barriers for gamers to compete at all levels. Together with the talented Repeat.gg team, we're excited to explore more ways for players to engage in competitive gaming and expand the breadth of our esports offerings. This is just the start of our journey and we look forward to sharing more updates with our community in the future."

Aaron Fletcher, CEO of Repeat said: "Repeat.gg was designed to enable new tournament formats that are easy to enter and scalable to millions of players. We're thrilled to join the PlayStation team and work together to enhance the variety of tournament experiences gamers can enjoy, regardless of their skill level."