Sony Interactive Entertainment To Acquire Destiny Developer Bungie For $3.6 Billion

Video game companies are changing hands left and right this year as another major player in the industry announces one of the biggest acquisitions this year. Sony is currently in the process of acquiring Destiny and Halo franchise developer Bungie for $3.6 billion.

According to the official press release, Bungie will continue to operate independently following the acquisition and will retain its current leadership, at least for the time being.

“Today I am happy to announce Bungie will be joining the PlayStation family,” wrote Sony Interactive President and CEO Jim Ryan. “I want to be very clear to the community that Bungie will remain an independent and multi-platform studio and publisher. As such, we believe it makes sense for it to sit alongside the PlayStation Studios organization, and we are incredibly excited about the opportunities for synergies and collaboration between these two world-class groups.”

“I have spent a lot of time with Pete Parsons, Jason Jones, and the Bungie management team to develop the right relationships where they will be fully backed and supported by Sony Interactive Entertainment and enabled to do what they do best — build incredible worlds that captivate millions of people,” he added.

“In Sony, we have found 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,” said Bungie. “Like us, Sony believes that game worlds are only the beginning of what our IPs can become. Together, we share a dream of creating and fostering iconic franchises that unite friends around the world, families across generations, and fans across multiple platforms and entertainment mediums.”

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 today.https://t.co/PLuVn48zdy pic.twitter.com/kAhRbAg3vD

— Bungie (@Bungie) January 31, 2022