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To no surprise. Pretty much all their second party partners have now been acquired by them, that leaves the more interesting third party acquisitions.

I reckon Sony is going all in. The Pictures CEO hinted at SIE's spend and iirc Sony expect to spend $18B on investments in the next three years. PS is Sony's biggest division, you bet a lot is going into gaming.

Now it may not all be acquisitions or devs. For instance Sony invested in Epic, Kadokawa and Discord. They bought Evo and a while ago wWise and Gakai (PS Now). 

IMO these are the studios/pubs most likely:

  • From Software
  • Kojima Productions
  • Arrowhead
  • Camoflauj
  • Ember Lab
  • Square Enix