This acquisition is not only a large leap forward for Sony, but it could also be one of the largest deals in gaming history. Bungie has been responsible for some of the most iconic video games over their 25 year-long legacy and this purchase would make them an even bigger player in today’s market.
Sony Interactive Entertainment is acquiring Bungie for $3.6 billion. This will make Sony the world’s largest game publisher with a reach of more than 100 million gamers worldwide. The acquisition will also bring in some of Bungie’s most popular franchises, including “Destiny”, “Halo”, and “Mortal Kombat”.
Bungie has been acquired by Sony Interactive Entertainment, the company said today. The transaction is for $3.6 million, according to the release. Bungie will operate as an autonomous subsidiary of Sony Interactive Entertainment after the completion of the purchase. Bungie’s statement also appears to imply that it would continue to publish its own games and will be allowed to choose which platforms they will be released on.
As part of the announcement, Jim Ryan, President and CEO of Sony Interactive Entertainment, remarked, “We’ve had a solid connection with Bungie since the start of the Destiny series, and I couldn’t be more happy to formally welcome the company to the PlayStation family.” “This is a critical step in our aim to broaden PlayStation’s appeal to a much larger audience. We recognize the importance of Bungie’s community to the studio and look forward to assisting them as they stay autonomous and develop. Our community, like Bungie’s, is at the heart of PlayStation’s DNA, and our common love for gamers and creating the finest place to play will continue to grow.”
I’m ecstatic to announce Bungie’s addition to the PlayStation family! Bungie creates community-driven games with cutting-edge technology that are a lot of fun to play, and I’m sure everyone at PlayStation Studios is looking forward to seeing what we can learn and share together. pic.twitter.com/VySocfBxtx
January 31, 2022 — Hermen Hulst (@hermenhulst)
“In SIE, we have found a partner that completely supports us and wants to accelerate our goal of producing significant entertainment experiences that transcend generations, all while appreciating the creative freedom that is Bungie’s lifeblood,” stated Pete Parsons, CEO and Chairman of Bungie. “We’ll keep working toward our goal of creating a single, united Bungie community by creating games that cherish our fans and cater to them wherever and whenever they want to play. Bungie and SIE both think that gaming worlds are only the start of what our IP can become. Our unique worlds have a lot of promise, and with SIE’s help, we’ll be able to turn Bungie into a worldwide multi-media entertainment corporation committed to delivering on our creative vision.”
Bungie will be managed by its Board of Directors, which will continue to be led by Parsons, when the transaction closes. The present management team will remain in place as well. The agreement is subject to all of the regular regulatory clearances and such, as is the case with all of these huge acquisitions, such as Microsoft’s announcement earlier this month that it was purchasing Activision Blizzard. All of our prior Bungie coverage can be found right here.
What are your thoughts on Sony Interactive Entertainment’s purchase of Bungie? Do you want to know what the future holds for Bungie now that it’s a part of PlayStation? Please let us know in the comments, or feel free to contact me personally on Twitter at @rollinbishop to discuss anything gaming-related!
Sony Interactive Entertainment has announced that they are acquiring Bungie for $3.6 billion, which is a lot of money. The acquisition will take place in 2021. Reference: microsoft buying bungie 2021.
Frequently Asked Questions
Is Sony really buying Bungie?
A: If a deal is worth more than $100 million, as announced by Bungie on 9/7/2018 then Sony will be the buyer.
Is Sony buying Halo?
Does Bungie own the rights to Halo?
A: Bungie does not own the rights to Halo. Microsoft is the publisher of Halo and they do hold some publishing rights, along with 343 Industries who manages development for the game.
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