Sony completes $3.6 billion acquisition of game maker Bungie

New Delhi, July 16 (SocialNews.XYZ) Japanese giant Sony has completed the $3.6 billion acquisition of Bungie, the developer of Destiny and the original creator of the wildly popular Halo franchise.

“Bungie acquisition agreement is complete. So now we can officially say…welcome to the PlayStation family,” the company said in a tweet late Friday.

Sony-Bungie acquisition escaped antitrust scrutiny while Microsoft’s $68.7 billion acquisition of ‘Call of Duty’ maker Activision Blizzard faces formal investigations in the US , UK and South Korea.

Bungie “will continue to independently publish and develop our games,” CEO Pete Parsons said in a statement earlier this year.

Halo was one of Microsoft Xbox’s flagship franchises, but after a few sequels, Bungie was spun off into an independent company.

In 2013, Bungie released the game Destiny which became a huge hit.

“We will be ready to welcome and support Bungie as they grow, and I can’t wait to see what the future holds for this amazing team,” said Hermen Hulst, Head of PlayStation Studios.

After acquiring Bungie, Sony announced plans to release over 10 new live service games by March 2026.

Bungie’s next IP, codenamed Matter, is said to be a “multiplayer action game” with “character-based” gameplay.

Bungie said last year that its next IP would launch before 2025. But that’s only one in 10 games, and Eurogamer points out that there are signs many more are in the works.

Source: IANS

Sony completes $3.6 billion acquisition of game maker Bungie

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