Key takeaways
- Sony plans to acquire Bungie for USD 3.6 billion, known for the Halo and Destiny franchises.
- The acquisition aims to enhance Sony's live gaming services and reach a larger gaming audience.
- Bungie will remain an independent subsidiary under its own leadership after the acquisition.
- The gaming industry is seeing significant acquisitions, with Microsoft recently acquiring Activision Blizzard.
Japanese technology giant Sony has plans to acquire Bungie, a US-based game development company for $3.6 billion. Bungie is best-known for Destiny and Halo gaming franchises.The deal will give Sony access to Bungie’s franchises and access to its live gaming services.
Bungie’s world-class expertise in multi-platform development and live game services will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers. Bungie is a great innovator and has developed incredible proprietary tools that will help PlayStation Studios achieve new heights under Hermen Hulst’s leadership, said Jim Ryan, President & CEO, Sony Interactive Entertainment.
The gaming industry has recently witnessed a lot of major acquisitions. Microsoft acquired Activision Blizzard for USD 68.7 billion in January.
Bungie’s games will be multiplatform, Sony said in the announcement. Bungie will be an independent subsidiary of the Sony Interactive Entertainment post acquisition and will be led by its Board of Directors and Pete Parson, Bungie’s CEO and chairman.
