Sony is buying Bungie for $3.6B
In yet another major blockbuster acquisition, Sony has announced that it has made a deal to acquire Destiny developer Bungie for $3.6 billion.
Bungie will remain «an independent subsidiary» of Sony Interactive Entertainment, according to a GamesIndustry report, headed up by current CEO Pete Parsons. Sony also committed to keeping Bungie a multiplatform developer, and it will have the option «to self-publish and reach players wherever they choose to play.»
«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,» Sony Interactive Entertainment president and CEO Jim Ryan said.
«This is an important step in our strategy to expand the reach of PlayStation 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 grow. Like Bungie, our community is core to PlayStation's DNA, and our shared passion for the gamer and building the best place to play will now evolve even further.»
In its own announcement, Bungie said Sony «unconditionally supports us in all we are,» as it «begins our journey to become a global multi-media entertainment company.» It also said that the acquisition will have no impact on Destiny 2 or the upcoming Witch Queen expansion, and—very importantly—said that its future projects will not become PlayStation exclusives.
Bungie has limitless potential to unite friends around the world.We have found a partner in PlayStation that shares our dream and is committed to accelerating our creative vision of building generation-spanning entertainment.Our journey begins
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