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Sony buys Bungie, Creator of Destiny and Halo Games, for $3.6 billion

Sony Interactive Entertainment said Monday that it has agreed to acquire video game maker Bungie in a $3.6 billion deal, as the games market continues to consolidate around several companies. its biggest company.

This month, Microsoft announces $69 billion acquisition of Activision Blizzardand Take Two Interactive has reached an agreement to buy Zynga for $11 billion.

Sony Interactive Entertainment, the maker of the PlayStation game console and a major game developer in its own right, speak Bungie, the original developer of the multiplayer shooter games Destiny and Halo, will operate independently and have the freedom to release the game for other consoles and platforms. But the move could help Sony reach new gamers.

Jim Ryan, president and chief executive officer of Sony Interactive Entertainment, said in a statement: “This is an important step in our strategy to expand PlayStation’s reach to a wider audience.

Sony and Bungie did not immediately respond to requests for comment.

Microsoft acquired Bungie in 2000, and its signature title, Halo, helped turn Microsoft’s Xbox console into a major gaming platform. But the developer split from Microsoft in 2007 and stopped producing Halo three years later. Since 2011, Halo has been developed by 343 Industries, a company owned by Microsoft.

Now, Bungie will be acquired by Microsoft’s biggest rival in the gaming console market: Sony. Bungie’s current most popular game is Destiny 2, available on multiple platforms, including Sony’s Xbox and PlayStation.

https://www.nytimes.com/2022/01/31/business/sony-bungie-destiny-halo.html Sony buys Bungie, Creator of Destiny and Halo Games, for $3.6 billion

Fry Electronics Team

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