Sony officially Acquires Bungie Studio

    The creator of Destiny 2, Bungie, is now formally a part of Sony. The gaming firm has now been fully acquired by the PlayStation maker, who first hinted at this intention in January. Sony first stated (pdf) that the acquisition was worth $3.6 billion, but in a Friday SEC filing, it stated that the deal was worth “about” $3.7 billion.

    Despite being a part of Sony, Bungie will “continue to independently publish and creatively develop our games,” according to Bungie CEO Pete Parsons in a blog post from the time of the acquisition’s initial announcement. Additionally, future games under development by Bungie won’t be PlayStation-only titles, according to Joe Blackburn and Justin Truman.

    Sony officially Acquires Bungie Studio

    credit: theverge

    But according to Jim Ryan, president, and CEO of Sony Interactive Entertainment, the company does intend to rely on Bungie for its “world-class expertise in multi-platform development and live game services,” which “will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers.” Sony intends to release more than ten new live service games by March 2026, indicating that it sees live service games as a crucial component of PlayStation’s future.

    We now have to wait for Microsoft to finish its mammoth $68.7 billion acquisition of Activision Blizzard since Bungie is now formally a part of Sony and Take-Two completed its acquisition of Zynga in May. Though it might take some time, Microsoft anticipates the transaction to finalize during its fiscal year 2023, which started this month and runs through June 2023.

    also read:

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