Sony Acquires Destiny and Halo Game Creator Bungie for $3 Billions
Updated · Feb 02, 2022
PlayStation maker, Sony, has reached a deal to buy Bungie, the developer of the Destiny and Halo video game series.
On Monday, Sony announced that it has bought Bungie - the creator of the first Halo games and popular Destiny series. Sony paid out $3.6 billion to buy out the legendary video game developer.
“This acquisition will give SIE access to Bungie’s world-class approach to live game services and technology expertise, furthering SIE’s vision to reach billions of players,” the tech giant said in a statement.
The console maker plans to have Bungie operate as an independent subsidiary run by a board of directors. According to Sony, Bungie will continue “maintaining the ability to self-publish and reach players wherever they choose to play.” Pete Parsons, the current Bungie CEO, will stay on as part of the board.
Bungie confirmed that its video games will not be exclusive to the PlayStation, staying available on multiple consoles.
A Power Game
The acquisition rounded up a busy start to the year in the gaming industry. Less than two weeks into January, Take-Two Initiative announced that it would buy mobile game developer Zynga. The deal costt he publisher of Rockstar and 2K Games $12.7 billion.
While that was the biggest deal ever, the record did not last long. Barely a week later, Microsoft eclipsed Take-Two’s Zynga purchase when it announced it would buy Activision for $68.7 billion. While that gave Microsoft a push in the right direction, Sony continues to be the industry leader. Its purchase of Bungie will be seen as a move to consolidate that position.
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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