Sony is said to have bought Bungie outright for a whopping £2.7 billion, making it the first time in history that an acquisition of this scale has been completed without any form of public tender process. The move represents a pivotal moment in gaming history as Sony will be able to capitalize on the popularity and success of Destiny before its release next week.,
Sony has bought Bungie for £2.7 billion. Microsoft owns Bungie, so it is not like Sony will be able to use the Halo franchise in their future games.
So much for Bungie’s Halo comeback. (Sony photo)
Bungie is now owned by Sony, and there are plans for new games, as well as what seem to be movie tie-ins and other multimedia ventures.
Many people, including us, were concerned that Microsoft’s $68.7 billion purchase of Activision Blizzard would spark a ‘acquisition war’ with Sony and other firms, and here we are, less than two weeks later, and that’s precisely what’s occurred.
Bungie, the creators of Halo and Destiny, has been purchased by Sony for $3.6 billion (£2.68 billion). Despite the fact that there has been no indication of a rumor until today, the agreement has reportedly been in the works for five or six months.
Despite popular belief, this does not imply that Destiny 2 will be a PlayStation exclusive, since Sony has stated that Bungie will remain multiplatform and independent.
The formal statement is sparse on details, but it seems that Sony was most interested in Bungie’s experience with online communities, with Bungie hinting that they merely needed more financing and support for their future titles.
This is virtually the same rhetoric as Activision Blizzard’s, and although nothing prevents any of the parties involved from altering their minds in the future, neither acquisition seems to be as easy as Bethesda’s, when all of their titles became Xbox exclusives almost immediately.
Bungie will be governed as a ‘autonomous subsidiary,’ according to GamesIndustry.biz, with the flexibility to’self-publish and reach gamers wherever they want to play.’
‘With SIE’s [Sony Interactive Entertainment] assistance, we’ll accelerate Bungie into being a worldwide multimedia entertainment business devoted to delivering on our creative vision,’ stated Bungie CEO and chairman Pete Parsons.
News about games:
It’s probably best not to take anything the two companies say at face value right now, but PlayStation boss Jim Ryan said in a separate interview that the company has a “aggressive road map with live services” – something that has been rumoured for a while, given Sony’s previous focus on single-player games.
‘From a philosophical standpoint, this isn’t about bringing things into the PlayStation universe,’ Ryan said. ‘This is about collaborating to create massive and fantastic new worlds.’
Bungie has the distinction of being owned by both Microsoft and Sony at the same time. They parted from the former in 2007 in order to reclaim their independence, therefore keeping a distinct entity under Sony was undoubtedly a major requirement.
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The “firewalk studios” is a game developer and publisher that specializes in the production of first-person shooters. Sony has bought Bungie for £2.7 billion.
Frequently Asked Questions
How much did Sony buy Bungie?
A: Sony did not buy Bungie, as they are a privately-held company.
Did Sony buy destiny?
A: No, Sony did not buy Destiny.
How much did Activision buy Bungie for?
A: Activision bought Bungie for $5.5 billion in September 2017, or about 3 times what the company was worth before their stock price tripled from its 2013 IPO.
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