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.
- Coforge Revenue Rises 54% as AI Engineering and Deal Bookings Gain Momentum
- Tech Mahindra Partners With SpaceXSI to Bring AI Into Software Engineering
- Infosys AI Revenue Rises 29% in Q2, FY27 Growth Guidance Cut
- LTM Launches BlueVerse Industrial AI Lab in Chennai
- Chariot Launches Speech Recognition Model for 10 Indian Languages
- Meta Expects Up To $145 Billion In Capex As AI Investments Expand