Sony Buys Bungie for $3.6 Billion
Sony Interactive Entertainment has purchased Destiny developer Bungie, but says the studio will be run as an independent subsidiary.
MASSIVE BREAKING PLAYSTATION NEWS, SONY BUYS BUNGIE FOR $3.6 BILLION!
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Sony Playstation BUYS BUNGIE for 3.6 BILLION dollars!!
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Sony has responded to Microsoft’s record-shattering deal to buy Activision Blizzard with acquisition news of its own, announcing today it plans to buy Destiny 2-maker Bungie for $3.6 billion.
Bungie will reportedly remain “an independent subsidiary” of Sony Interactive Entertainment after the deal closes, leaving it free “to self-publish and reach players” however it chooses, according to Sony. That’s in contrast to past acquisitions by both Sony and Microsoft which have seen previously multiplatform studios like Bethesda go exclusive.
“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience,” PlayStation boss Jim Ryan said in a press release. ‘We understand how vital Bungie’s community is to the studio and look forward to supporting them as they remain independent and continue to grow.”
In addition to big plans for the future of Destiny 2, Bungie’s popular and continually updated sci-fi loot shooter, the 900 employee studio is also working on other projects including an original new IP which was scheduled to release by 2025. Looking for an escape from the digital overload? Resurgence of dumb phone with whatsapp and how they're helping people reclaim their lives from the constant smartphone buzz.
Sony Buys Bungie For $3.6 BILLION!
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Sony Buys Bungie for $3.6 Billion Dollars | Their Own FPS Franchise
Sony bought Bungie to bring them into the PlayStation Studios brand. They further increase the number of developers that are in house, but what does this mean for the future of both brands? Let’s talk about it.
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