Bungie is Now Officially Part of Sony

Sony has announced that its process of acquiring Bungie has officially been completed, making Bungie part of the PlayStation family of gaming studios.

Posted By | On 16th, Jul. 2022

bungie sony

Sony has announced that its acquisition of Destiny 2-maker Bungie has been officially completed. The company announced the event on the PlayStation Twitter account. Despite the acquisition, Sony hasn’t announced any plans to make Destiny 2 or future Bungie releases exclusive to PlayStation platforms.

Following the announcement of the completion of the acquisition, PlayStation Studios boss Hermen Hulst and Bungie CEO Pete Parsons took to Twitter to issue statements. The latter talked about the mission to “make Bungie the best place anyone in the entertainment industry will ever work” and turn it into “a center of creative and technical excellence.”

Back in May, Sony had originally expected the acquisition process to be completed by the end of the year.

Sony has made it clear since it started the acquisition process that Bungie will continue to operate autonomously. The company, in fact, is hoping Bungie’s expertise with live service game would help Sony’s own efforts to expand in the genre.

Sony’s acquisition of Bungie hasn’t gone without comment, however. Earlier this year, industry analyst Michael Pachter stated that the company may have overpaid to acquire Bungie.

Reports, however, have indicated that Microsoft was also in talks to acquire Bungie, but the deal ended up falling apart. It is also worth noting that of the $3.6 billion that Sony is paying to acquire Bungie, $1.2 billion is being used for collective incentive bonuses to retain Bungie’s employees after the acquisition.


Tagged With: , , ,

Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Final Fantasy 16 – Update 1.31 is Live Ahead of The Rising Tide’s Release

Final Fantasy 16 – Update 1.31 is Live Ahead of The Rising Tide’s Release

Quality of life features like Skill Sets, Quick Complete, and new Photo Mode options are available, along with...

Yars Rising Announced for Xbox Series X/S, Xbox One, PS4, PS5, PC and Nintendo Switch

Yars Rising Announced for Xbox Series X/S, Xbox One, PS4, PS5, PC and Nintendo Switch

Based on Atari's classic shoot 'em series, the 2024 reboot focuses on Emi Kimura, a hacker, as she looks into ...

Sea of Thieves Surpasses 40 Million Players

Sea of Thieves Surpasses 40 Million Players

Since its launch for PC and Xbox in 2018, the multiplayer pirate game has had over 40 million players. It laun...

Stellar Blade vs. Sekiro: Shadows Die Twice – Here’s How They Are Similar and Different to Each Other

Stellar Blade vs. Sekiro: Shadows Die Twice – Here’s How They Are Similar and Different to Each Other

Head-to-head. It’s Sekiro vs Stellar Blade. Find out of the differences here.

Dead Island 2: SoLA is Out Now on PS5, Xbox Series X/S and PC

Dead Island 2: SoLA is Out Now on PS5, Xbox Series X/S and PC

A new launch trailer showcases the new Apex Zombies, the Whipper and Clotter, and the powerful Ripper and Sawb...

Lorelei and the Laser Eyes from Sayonara Wild Hearts Dev Launches May 16th

Lorelei and the Laser Eyes from Sayonara Wild Hearts Dev Launches May 16th

Published by Annapurna Interactive, the surreal non-linear mystery adventure will be available for Nintendo Sw...