Sony completes $3.6 billion deal to buy Bungie

The developer behind it determination is now a part of the Sony universe. Sony Interactive Entertainment today officially closed a $3.6 billion deal to buy independent games studio and publisher Bungie, it said by Bungie and PlayStation Studios. Under the terms of the acquisition, Bungie will retain creative control of its operations and develop its games independently. As we’ve noted since the deal was announced in January, Bungie is considered an independent subsidiary of Sony and is not required to make any current or future games exclusive to PlayStation consoles.

As TechCrunch Sony is hoping for Bungie’s expertise in games like determination will help him expand his own live service gaming offering. The company plans to spend 55 percent of PlayStation’s budget on live-service gaming by 2025, Sony CEO Jim Ryan revealed at an investor presentation in May. PlayStation is planning 10 live service games before March 2026, and Sony believes Bungie’s support will be vital in this effort.

Sony also inked a deal this week to acquire Montreal-based Haven Studios, which is working on one for PlayStation. And Sony is far from done. The company plans to acquire even more studios over the next few years to expand its live service and PC offering, as Ryan demonstrated in several . And on the Xbox side, Microsoft’s $68.7 billion acquisition of Activision Blizzard is expected next summer.

All products recommended by Engadget are selected by our editorial team independently from our parent company. Some of our stories contain affiliate links. If you buy something through one of these links, we may receive an affiliate commission.

https://www.engadget.com/sony-closes-bungie-acquisition-playstation-studios-190623763.html?src=rss Sony completes $3.6 billion deal to buy Bungie

Russell Falcon

USTimesPost.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimespost.com. The content will be deleted within 24 hours.

Related Articles

Back to top button