Sony has agreed to acquire Bungie, the developer of the “Halo” and “Destiny” video game franchises, for $3.6 billion.
Bungie’s “World-Class Approach to Live Game Services
Bungie’s “world-class approach to live game services and technology knowledge” would be made available to Sony’s games division as part of the agreement, the company stated. Bungie will continue to be a subsidiary of Sony Interactive Entertainment and will continue to function independently.
“Destiny 2,” expansion of the Destiny universe, and creation of new worlds in intellectual property are the primary goals of Based, which has more than 900 people. As a part of Xbox Game Studios, Microsoft-owned 343 Industries manages and develops the “Halo” brand presently. In March, Paramount Plus will debut a long-anticipated television series based on the video game “Halo”.
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Bungie’s Board of Directors
overseen by CEO Pete Parsons, and its present management team will continue to run the company after the acquisition. Certain closing requirements, such as regulatory approval, apply to the deal.
SIE CEO Jim Ryan noted in a blog post announcing the agreement that Bungie will “remain independent and multiplatform, enjoy creative freedom, and their track record in generating immensely popular franchises in the sci-fi shooter genre will be highly complimentary to SIE’s own IP portfolio.”
Just two weeks ago, Microsoft announced a $68.7 billion deal to acquire Activision Blizzard. Zynga was purchased by Take-Two Interactive earlier this month for $12.7 billion.
When it Comes to Video Games
Bungie has built some of the most popular franchises in the world and has aligned its principles with people’s desire to share gameplay experiences, Sony Group CEO Kenichiro Yoshida stated in a statement.
Since the launch of “Destiny” in 2014, Sony has had a “solid cooperation” with Bungie, according to Ryan. His statement read, “This is a crucial milestone in our strategy to expand the reach of PlayStation to a much wider audience. As Bungie says, “We realise how important the Bungie community is to the company and look forward to supporting them as they remain autonomous and continue to flourish”
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Last Words
This is a partner who completely supports us and wants to accelerate our ambition of producing significant entertainment experiences for decades to come, all while valuing the creative independence that is Bungie’s heartbeat,” said SIE’s Parsons. In order to achieve our goal of a single Bungie community, we will continue to make games that cherish our community and meet them wherever and whenever they choose to play. “
