Sony Purchasing Developer Bungie For $3.6 Billion; Will Remain Multiplatform & Self-Publish
Sony Interactive Entertainment has announced that they will be purchasing prominent video game developer Bungie for approximately $3.6 billion. They will be an independent subsidiary of Sony run by the “…current CEO and chairman Pete Parsons and the rest of the studio’s current management team.” Further, Bungie will have the option to self-publish and remain multiplatform. Currently, the developer aims to expand upon the successful Destiny 2 alongside working on a new IP.
Sony Interactive Entertainment CEO Jim Ryan provided the following statement regarding this acquisition:
“We’ve had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn’t be more thrilled to officially welcome the studio to the PlayStation family. This is an important step in our strategy to expand the reach of PlayStation to a much wider audience. We understand how vital Bungie’s community is to the studio and look forward to supporting them as they remain independent and continue to grow. Like Bungie, our community is core to PlayStation’s DNA, and our shared passion for the gamer and building the best place to play will now evolve even further.”
This wild news follows Microsoft’s recent acquisition of Activision Blizzard, signaling rapid, gargantuan changes occurring with major publishers and developers.
You can view more information about this recent acquisition news on Gamesindustry.biz.
PlayStation Blog published a new post from Jim Ryan detailing his and Sony’s thoughts on this acquisition.
Bungie’s official website houses a message for fans about this massive news. The studio’s official Twitter account shared this news too, viewable below:
Bungie has limitless potential to unite friends around the world.
We have found a partner in PlayStation that shares our dream and is committed to accelerating our creative vision of building generation-spanning entertainment.
Our journey begins today.https://t.co/PLuVn48zdy pic.twitter.com/kAhRbAg3vD
— Bungie (@Bungie) January 31, 2022
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