Sony Announces Acquisition Of Bungie For $3.6 Billion

Many gamers might associate Bungie as being the developers of the Halo series of first-person shooters that was initially launched as an Xbox exclusive title. The company was later spun off from Microsoft as an independent entity (with Microsoft retaining a minority stake) and went on to develop the Destiny games.

Now in what seems like a rather ironic move, Sony has announced that they will be acquiring Bungie who will now be brought into the PlayStation family. According to the announcement, Bungie is expected to remain an independent subsidiary of Sony, at least for now, and that the company will retain the option to self-publish their own games and reach players regardless of their platform.

This essentially means that unlike back in the Halo days, Bungie will be able to develop games for non-PlayStation platforms if they choose to, which is smart on Sony’s end as the company usually profits more from games rather than from the sales of its consoles. The deal is said to be worth $3.6 billion.

According to Bungie CEO and chairman Pete Parsons, “We remain in charge of our destiny. We will continue to independently publish and creatively develop our games. We will continue to drive one, unified Bungie community. Our games will continue to be where our community is, wherever they choose to play.​”

Tyler Lee
Categories: Gaming
Tags: bungie, PlayStation, Sony