Microsoft shocked the Video Games industry with a blockbuster announcement that they’ve acquired Activision Blizzard, makers of franchises like Call of Duty, Diablo, and World of Warcraft, etc. On January 31, 2022 – Sony responded with an acquisition of their own…
Sony Interactive Entertainment and Bungie jointly announced that they’ve agreed to a transaction for Sony to outright acquire Bungie, Inc. The deal is currently pending approval(s) from Bungie shareholders, investors, and the government. Hermen Hulst, head of PlayStation said that Bungie is an independent company, and will remain “hands-off” with decision-making. Sony is just offering more funding for Bungie’s projects, whether it is Destiny, or Destiny 2, or games currently in development, or future games. They also said that Bungie’s current or future titles will continue to be multi-platform…
Sources: Sony Interactive Entertainment, Press Release, Bungie, PlayStation
The transaction between SIE and Bungie is valued at $3.6 Billion. Sony doesn’t have a First Person Shooter studio or franchise, and this move fills a void where Sony is able to design a First Person Shooter. Microsoft acquired Bungie, to design the Halo franchise, which has made $5 Billion for Microsoft since Halo’s inception on the original Xbox console. Bungie also has expertise in server infrastructure, and microtransaction(s), so this move is a perfect fit for what Sony wants to do in the years to come.
