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Acquisitions  ·  Gaming  ·  Finances

Sony to acquire Destiny developer Bungie for $3.6B

Published ${ getTimestamp("2022-01-31T19:37:00+00:00") }}  ·  Updated ${ getTimestamp("2022-04-19T23:28:44+01:00") }}

Monopoly is more than just a board game: Destiny and Halo creator Bungie has entered an agreement to be brought under Sony ownership in a transaction worth $3.6 billion.

The basics: Bungie is the developer behind Destiny and originally brought Halo to life.

  • The deal is worth $3.6B but isn't closed yet, both parties have signed a definitive agreement.
  • A press release states Bungie will operate independently and reach players "wherever they choose to play".
  • Bungie has over 900 employees and is focused on expanding the Destiny franchise, as well as creating "entirely new worlds".
Bungie
Sony acquiring Bungie is the latest chapter in the raging war for gaming dominance among developers.

The war rages on: This agreement follows quickly on from industry-rattling announcements from Microsoft, Take-Two, and the Saudi Arabian monarchy.

  • Microsoft is set to acquire Activision Blizzard for $69B in 2023.
  • Take-Two Interactive, the publisher behind Rockstar and 2K Games, is looking to acquire developer Zynga in a $12.7B deal.
  • ESL and FACEIT, two major esports companies, are set to be acquired for $1.5B by Savvy Gaming Group, an entity that's financially backed by Saudi Arabia's Public Investment Fund.

Dive deeper: How much Microsoft's Activision Blizzard purchase really costs

The future: The ever-changing gaming landscape is filled with questions that nobody has the answers to just yet.

  • What plans does Bungie have that has made Sony keen on spending billions to bring the developer in-house?
  • What will the next big gaming acquisition be? Corporations are evidently bolstering their portfolios as games-as-a-service models are proving to provide long-term, recurring revenue.
  • On whether Destiny 2 or other in-house titles will go PlayStation-exclusive, Bungie CEO Pete Parsons said: “We will continue to independently publish and creatively develop our games."
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