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Sony Buys Developer Of Hit Game LittleBigPlanet

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Sony (NYSE: SNE) is buying up the developer of LittleBigPlanet, a top seller on its PlayStation3 and PSP. Sony says in a blog post that the deal to acquire parent Media Molecule will “enhance (its) talent pool, protect past and current investment and ensure a solid base for future investment.” And, indeed, by picking up the company Sony will ensure that it retains LittleBigPlanet as an exclusive on its consoles.

The deal also gives Sony a game which has been a major hit on its online PlayStationNetwork. LittleBigPlanet players contribute their own content, including levels, to the game — and as of last month more than two million levels had been built, according to Sony.