Sony officially Completed Its $3.7 Billion Deal to Acquire Bungie.
Sony Interactive Entertainment has officially completed its $3.7 billion deal to acquire Bungie – the studio behind Destiny and every Halo game up to Halo: Reach – and has welcomed it into the PlayStation family.
PlayStation shared the news on Twitter, saying, “the agreement to acquire Bungie has closed. So now we can officially say… welcome to the PlayStation family, Bungie!”
Bungie, the developer of Destiny 2, is now officially a part of Sony.
The PlayStation maker had announced its intent to acquire the gaming studio in January, and now, that acquisition is complete.
At the initial announcement, Sony said (pdf) the deal was worth $3.6 billion, but in an SEC filing on Friday, it said the deal was worth “approximately” $3.7 billion.
Both companies have confirmed that Destiny 2 will remain a fully cross-platform game going forward, though in the past, before this deal was even on the table, there have been timed-exclusive weapons available only on PlayStation.
Sony seems to have acquired Bungie(opens in new tab) in order to bulk up its own live service chops, as well as to pursue multimedia Destiny adaptations with the publisher’s extensive film division.
The merger is also relevant to Bungie’s outspoken support for progressive political causes.
The company has made public statements and in-game events in support of racial justice, trans rights, and most recently abortion access.
Though it’s now under the Sony umbrella, Bungie will “continue to independently publish and creatively develop our games,” Bungie CEO Pete Parsons said in a blog post from the original announcement of the acquisition.
And future games in development won’t be PlayStation exclusives, Bungie’s Joe Blackburn and Justin Truman said.
But Sony does plan to lean on Bungie for its “world-class expertise in multi-platform development and live game services,” which “will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers,” Sony Interactive Entertainment president and CEO Jim Ryan said in January.
Sony officially Completed Its $3.7 Billion Deal to Acquire Bungie
Sony officially Completed Its $3.7 Billion Deal to Acquire Bungie, Sony officially Completed Its $3.7 Billion Deal to Acquire Bungie, Sony officially Completed Its $3.7 Billion Deal to Acquire Bungie