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Sony Is Buying Bungie for $3.6 Billion

Sony Is Buying Bungie for $3.6 Billion
Photo Credit: Sony
Sony Is Buying Bungie for $3.6 Billion
Photo Credit: Sony

Bungie, the developer of the Destiny franchise and, once upon a time ago, Halo, has been purchased by Sony Interactive Entertainment. The deal is for $3.6 Billion, according to multiple reports.

Update: Sony has confirmed the deal in a blog post.

GamesIndustry.biz is reporting that Bungie will become “an independent subsidiary” of Sony Interactive Entertainment, run by a board of directors that consists of current Bungie CEO and chairman Pete Parsons and other management at Bungie. They will remain a multiplatform studio with the option “to self-publish and reach players wherever they choose to play.” GamesIndustry.biz also reports that Bungie is currently working on a new IP.

The decision for Bungie to remain a multiplatform studio aligns with another Sony developer. San Diego Studio, known for the MLB The Show franchise, releases this year’s game on PlayStation, Xbox, and Nintendo Switch. Admittedly, that was due to the desires of Major League Baseball, but it’s still a trend for Sony.

Sony’s acquisition of Bungie is the latest in a recent trend. Microsoft bought Activision Blizzard this month for nearly $70 billion. Also, as recent as this month, Take-Two purchased Zynga for $12.7 billion.

Phil Spencer congratulated both Bungie and Sony on the news.

Written by Jake Valentine

I am the Editor-In-Chief of BossLevelGamer. I'm also a lover of video games, food, and beer.

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