Sony is buying Bungie:- $3.6 billion
Sony is buying Bungie:- PlayStation will pay $3.6 billion to acquire Bungie, the video game industry powerhouse behind enormously popular games such as Halo and Destiny. Bungie has told us that it will “will remain an independent and multi-platform studio and publisher” even after joining forces with Sony.
Bungie is most known for Halo, but as an independent studio, they’ve turned their attention to Destiny, a live-service first-person shooter role-playing game in which players take on the role of Guardians of Light and explore the cosmos. In addition, a new intellectual property (IP) is being developed by the business.
Ryan begins the PlayStation Blog post by stating that Bungie is an independent company. That Bungie will remain an independent and multiplatform studio and publisher is something I want to make very clear to the community. He adds that Bungie will collaborate with PlayStation Studios “sit alongside the PlayStation Studios organization” the PlayStation Studios organization.
As Bungie explained in a blog post, SIE is “a partner who unconditionally supports us in all we are and who wants to accelerate our vision to create generation-spanning entertainment, all while preserving the creative independence that beats in Bungie’s heart.”
A lot of people were wondering if other gaming corporations will want to buy Bungie once they broke free from Activision in 2019. In a recent interview, Xbox CEO Phil Spencer stated that he believes the company could have kept Bungie if the present management had been in place to discuss conditions. It is unfortunate for Xbox, but PlayStation has been successful in improving their connection and opening the door for Bungie to sign a deal, making the studio a valuable addition to Sony’s roster of brilliant creators.
There will be a new board of directors, led by Bungie’s CEO and chairman Pete Parsons, as well as the remainder of Bungie’s present management team, after this acquisition is completed. Bungie will remain a multiplatform firm as a result of the agreement, with the freedom “to self-publish and reach players wherever they choose to play.” “Destiny 2” is still being maintained by Bungie, and the company is now working on an original product.
Before returning as an independent studio in 2007, Bungie was owned by Microsoft as its first-party studio between 2000 and 2007. Microsoft still owns the rights to the Halo franchise, which it no longer develops. 343 Industries, the first-party Microsoft team behind Halo Infinite, has taken over the venerable series.
Bungie will continue to be an independent and multi-platform company and publisher, PlayStation boss Jim Ryan wrote in a blog post. This is why the PlayStation Studios organization is a natural fit for it, and we’re looking forward to the synergies and collaboration between these two world-class groups.”
Sony may be looking at Bungie for more than simply Destiny, it appears. “Bungie’s world-class expertise in multiplatform development and live game services will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers,” Ryan says further. Hermen Hulst’s leadership at PlayStation Studios will benefit greatly from Bungie’s innovation and unique tools.”
Older athletes are sure to experience a sense of shock at the news. Halo: Combat Evolved, one of Bungie’s most iconic titles, helped establish Xbox as a gaming platform in its own right. Bungie then broke away from Microsoft and joined Activision, a company owned by Microsoft, before Microsoft purchased Activision. In the past few years, the business has maintained its live service shooter, Destiny 2, on its own. During the shuffle, Halo was transferred to 343 Industries. But the fact that Bungie will soon be owned by Microsoft’s oldest rival is remains strange.