Today in BREAKING News: Sony is buying Bungie, the maker of Destiny — another seismic gaming deal that comes just two weeks after Microsoft purchased Activision Blizzard.
Bungie put Xbox on the map. Now it's part of PlayStation Studios. Filed to Bloomberg Terminal, hitting web soon
Sony Interactive Entertainment (SIE) has announced today that it has acquired developer Bungie, Inc. for $3.6 billion. After the deal closes, Sony will buy Bungie and be considered an independent subsidiary, run by a board of directors consisting of current CEO and chairman Pete Parsons and the rest of the studio’s current management team.
Bungie was the original creator and developer of Microsoft’s flagship Halo gaming franchise but was spun off from the company in 2007. Microsoft kept the Halo rights with 343 Industries taking the reins of development of the games with the release of Halo 4 in 2012.
Through a partnership with Activision Blizzard that ended in 2019, Bungie developed Destiny and Destiny 2, two hugely popular online shooting games.
“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,” Sony Interactive Entertainment CEO Jim Ryan said in the news release. “This is an important step in our strategy to expand the reach of PlayStation to a much wider audience.”
This is the latest of several game studio acquisitions that have occurred throughout January. The first was when studio Take-Two announced an agreement to acquire Zynga for roughly $12.7 billion on January 11, and Microsoft soon followed up with a $68.7 billion deal to acquire Activision Blizzard, and now, Bungie will be bought by Sony to cap off the month.
“We believe games have limitless potential, and that to do anything worthwhile in entertainment, we must bet big on our vision, on our studio, and on our incredible team of trusted creators who build unforgettable worlds that truly matter to people,” Bungie outlined in an official blog post following news od the acquisition.