Bungie Acquired By Sony For $3.6 Billion
The video game industry continues to get shaken up with major deals. Sony is buying Halo creator and Destiny developer Bungie in a deal valued at $3.6 billion. GI.biz was first to report the deal, which will make Bungie become an «independent subsidiary» of Sony Interactive Entertainment. Sony officially confirmed the deal and the valuation in a press release, while more details have come to light, like how Destiny will still be published on multiple platforms going forward.
PlayStation boss Hermen Hulst said of the deal, «I'm absolutely thrilled to welcome Bungie to the PlayStation family!» Hulst added: «Bungie create community-driven games with outstanding technology that are enormous fun to play, and I know that everyone at PlayStation Studios will be excited about what we can share and learn together.»
I’m absolutely thrilled to welcome Bungie to the PlayStation family! Bungie create community-driven games with outstanding technology that are enormous fun to play, and I know that everyone at PlayStation Studios will be excited about what we can share and learn together. pic.twitter.com/VySocfBxtx
Bungie will continue to release multiplatform games going forward, and the company will have the option to «self-publish and reach players wherever they choose to play,» GI.biz reported.
«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,» SIE president and CEO Jim Ryan said.
Ryan went on to say that buying Bungie gives Sony access to a «much wider audience.»
«We understand how vital Bungie's community is to the studio and look forward to supporting them as they remain independent and continue to
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