Sony completes $3.6 billion purchase of Bungie

by nativetechdoctor
2 minutes read

The developer of Destiny will be considered an independent subsidiary of Sony.

According to Engadget , the developer behind the game Destiny has now become part of the Sony universe. Sony Interactive Entertainment officially closed a $3.6 billion deal on July 15 to buy independent game studio and publisher Bungie, according to tweets from both Bungie and PlayStation Studios.

Under the terms of the acquisition, Bungie will retain creative control over the company’s operations and independently develop its games. As leaders from both companies have noted since the deal was announced in January, Bungie will be treated as an independent subsidiary of Sony and will not be required to produce existing games. now or in the future exclusively for the PlayStation console.

As TechCrunch noted, Sony hopes Bungie’s expertise with games like Destiny will help it expand its own live game offerings. The company plans to spend 55% of PlayStation’s budget on live service games by 2025, Sony CEO Jim Ryan revealed at an investor pitch in May. PlayStation plans to release 10 games play the live service before March 2026, and Sony believes Bungie’s support will be vital in this endeavor.

Sony this week also closed a deal to acquire Montreal-based Haven Studios, which is developing a multiplayer game for the PlayStation. The deal is expected to take a long time to complete.

The company plans to acquire even more studios over the next few years in an effort to develop live services and PC services, Ryan has noted in several interviews. And on the Xbox side, Microsoft’s $68.7 billion acquisition of Activision Blizzard is expected to close next summer.

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