Sony Interactive Entertainment has announced that it will acquire Jade Raymond’s new studio Haven for an undisclosed sum.

Haven is planning to make an original IP funded by PlayStation following the acquisition. The studio also has five co-founders and 20 ex-Google employees (from Google Stadia, most likely) among its 60+ staff members. Here’s an official statement from SIE’s Jim Ryan regarding the acquisition:

“Haven Studios is an emerging studio with an exceptional team of talent, and we’re delighted to welcome them into PlayStation as our first game development studio in Canada. The studio’s focus on creating an original AAA multiplayer game will not only flex the power of PlayStation 5 but will further expand upon the diverse catalogue of gaming experiences that can only be found on PlayStation.”

The company will be making one of the 10 live service games Sony plans to launch by 2026. Here’s what Haven CEO Jade Raymond has to say:

“Joining PlayStation Studios provides Haven with the creative freedom and unparalleled support to focus on building the highest quality games. We’re excited to have the opportunity to collaborate with and learn from all of the exceptional PlayStation Studios teams. We intend to fully embrace the incredible capabilities of the PS5 to create new worlds that inspire players and allow them to connect in new ways.”