PlayStation Sony buys Bungie

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Sony Buys Bungie for $3.6 Billion - IGN

Sony Interactive Entertainment has purchased Destiny developer Bungie, but says the studio will be run as an independent subsidiary.
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Sony Interactive Entertainment has announced it will acquire Destiny developer Bungie for $3.6 Billion.

GamesIndustry.Biz reports that following the deal, Bungie will be run as "an independent subsidiary" of SIE, and will remain a multiplatform studio with the option to "self-publish and reach players where they choose to play."
 
Never played Destiny but seen someone else play it once. Xbox hits my tastes better tho. Halo vs. Destiny sounds like a good crossover at this point.
 
I don't really care about this to be honest, the only thing I find interesting is that Sony now owns Bungie, which was once owned by Microsoft, but Crash and Spyro are going to get owned by Microsoft. Destiny isn't really my cup of tea, but I'm sure that Sony is going to take care of it.
 
Seems a bit expensive for a company that only really has Bungie as the biggest title. Will be interesting to see how effective the purchase is in the long term.
 
Overall it seems to be a good deal. Bungie appears to need a larger publisher/partner to produce their level of games and so far everything points to the games remaining multiplatform and such. As long as they stay on PC, I'll be happy. Bungie should be quite good at working out deals like this at this point.
 
lol payback time. Bungie created the original Halo where Cortana was treated nicely unlike the recent meh Halo stuff and maybe they are going to cook up a nice new IP exclusive for Sony.
 
The buyout is now complete, read from tweaktown:

Today Sony officially confirmed that its Bungie buyout deal has closed. Bungie is now part of PlayStation's first-party studios and will bring its live service expertise to help lead Sony into a new era of online live games.

Sony also filed a new 6-K SEC filing to alert investors of the acquisition. In the document, Sony says the deal closed for $3.7 billion and that the acquisition was approved quicker than expected. The deal was originally planned to close by December 2022, during Sony's Q3 period, but has instead been approved during Q2. Sony won't pay $3.7 billion for Bungie all at once, and the payments will be deferred over multiple years across different terms (for example, Sony is offering a $1.2 billion employee retention incentive).

"However, primarily due to the transaction being completed earlier than the assumed timing of the completion used as the basis in this estimate, the amount of expenses associated with acquisitions to be recorded in FY22 is expected to increase," Sony said in the filing.

"Sony continues to assess the impact of the completion of this transaction and other factors on its consolidated financial results forecast for YF22, and plans to announce its updated forecast including the updated estimate of expenses associated with acquisitions on July 29, 202, at the earnings announcement for the first quarter of FY22."
 
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