Near the end of last gen I thought it was a given that Sony would purchase level 5 one day. They had very close ties with the studio, and Sony often buys it's second parties after awhile of working together (the exception being Insomniac, who loves their freedom, and Sucker Punch).
Then Level 5 got a gig with SE, and started expanding and publishing their own stuff. It's obvious that do not want to be under the control of somebody else.
I kind've wished they had bought Level 5, though. RPGs are the one area in which Sony's internal development studios are really lacking. That and fighters, I suppose.







