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Gigantic waste of money. The dev already makes exclusive content for their platform and has a sizable team, so a buyout would be expensive with not a huge amount to gain. Insomniac also have never produced a breakout hit. They've released their share of well liked, but commerically unsuccessful titles and a mix of titles with reasonable, but not exceptional sales. Sony would do far better to fund a team like Bluepoint to make a full AAA title. Key players at Insomniac likely also want their freedom, so a buyout could see senior staff departing, and along with it the soul of the company.