Sony is acquiring Bungie https://t.co/S1BwMt1BX4— Wario64 (@Wario64) January 31, 2022
The deal was in the works for the past 5/6 months. Its not a reaction to the Take-Two/Zynga or Microsoft/Activision deals.— Christopher Dring (@Chris_Dring) January 31, 2022
Well there it is. A reaction to the Activision deal…
Sony Interactive Entertainment today announced a deal to acquire Bungie for $3.6 billion, the latest in a string of big-ticket consolidation deals in the games industry.
After the deal closes, Bungie will be "an independent subsidiary" of SIE run by a board of directors consisting of current CEO and chairman Pete Parsons and the rest of the studio's current management team.
Sony has said Bungie will remain a multiplatform studio, with the option "to self-publish and reach players wherever they choose to play."
At present, the studio is working on maintaining Destiny 2, expanding the Destiny franchise, and working on new IP.
"We've had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn't be more thrilled to officially welcome the studio to the PlayStation family," said SIE president and CEO Jim Ryan.