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Sony bolsters PlayStation, buying Destiny game maker Bungie for $3.6 billion:
Sony has reached a deal to buy Halo creator and Destiny maker Bungie, marking an escalation of efforts for the biggest game makers to expand their lineup with some of the most popular franchises in the industry.
The agreement, confirmed Monday by both companies after an earlier Bloomberg report, brings one of the most well respected game makers in the industry under Sony's control. Bungie, which makes the online game Destiny, is also known for creating the early gaming hit Halo, which is now owned by Microsoft.
"Bungie has created two of gaming's most iconic franchises, Halo and Destiny, and has deep expertise in bringing incredible immersive experiences at great scale to the community through games that evolve and develop over time, and has a hugely impressive road map for future content," Jim Ryan, head of Sony's PlayStation division, said in a blog post Monday.
Sony didn't say how much it paid for the game maker, but Bloomberg reported the price to be $3.6 billion. The move comes after two other large game industry acquisitions this month, when Microsoft announced plans to buy Call of Duty and World of Warcraft maker Activision Blizzard for $68.7 billion, and Take-Two Interactive said it planned to buy FarmVille developer Zynga for $12.7 billion.
(Score: 1) by fustakrakich on Tuesday February 01 2022, @11:26PM
*These prices are insane!*
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Tuesday February 01 2022, @11:40PM
Microsoft continues to own the Halo IP. Sony is not getting a whole lot for their $3.6 billion.
(Score: 2, Interesting) by khallow on Tuesday February 01 2022, @11:40PM (1 child)
(Score: 0) by Anonymous Coward on Wednesday February 02 2022, @09:46PM
No, these companies have cash on hand, money printer go brrrrrr, inflation, so they are spending it on acquisitions to beat inflation.
(Score: 2) by MIRV888 on Tuesday February 01 2022, @11:50PM (1 child)
and I'm what you might call a gamer.
(Score: 2) by mhajicek on Wednesday February 02 2022, @08:44AM
There are so many games coming out these days, even AAA titles get lost in the mix.
The spacelike surfaces of time foliations can have a cusp at the surface of discontinuity. - P. Hajicek
(Score: 5, Interesting) by soylentnewsfan1 on Wednesday February 02 2022, @12:02AM (1 child)
From what I've seen and read so far, they headline is the opposite of what the intent was. This will not bolster Playstation. Bungie will be independent and doing games for other platforms. They were also bought them to use their expertise to help port games away from the Playstation, probably to PC due to the success their releases on Epic have achieved and one of Sony's powerpoints had a slide saying they wanted to expand in the PC space. The other goal is to use Bungie properties in TV and Film. There were a ton of companies they could of bought at similiar price points(-/+2B or about the same price) if they really did want to make gains for the consoles with exclusives, like Square Enix, etc.
(Score: 0) by Anonymous Coward on Wednesday February 02 2022, @05:18PM
Yes, but maybe also no. If what was intended wasn't specifically the playstation itself as a platform, maybe they wanted to boost the playstation network and extend its tentacles into PC gaming, then perhaps the original statement is still true in a rather sloppy sense.