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Sony Is Buying Gaming Studio Bungie, The Developer Of Destiny

Sony Interactive Entertainment (SIE) is buying gaming studio Bungie, the developer of the Destiny gaming title. The deal has a valuation of $3.6 billion, as it will join the number of acquisitions in the gaming industry.

Bungie is Joining PlayStation
Bungie is Joining PlayStation

Bungie will be joining the likes of Bluepoint games and Housemarque as the latest addition to the PlayStation Studios family. Its CEO Pete Parsons says that Bungie will “continue to independently publish and also creatively develop our games,” dismissing any exclusivity changes.

The gaming studio also assures fans its future games will remain multi-platform. “No. We want the worlds we are creating to extend to anywhere people play games. We will continue to be self-published, creatively independent, and we will continue to drive one, unified Bungie community,” in an FAQ.

Sony Is Acquiring 'Halo' and 'Destiny' Developer Bungie for $3.6 Billion | Complex
Parent company SIE

Parent company SIE, president and CEO Jim Ryan believes in the viability of the deal. “Bungie’s world-class expertise in multi-platform development as well as live game services will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers,” he said.

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As a small firm, Bungie believes this acquisition is the next big step for its future. “In SIE, 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,” Parsons says.

Sony Is Buying Gaming Studio Bungie, The Developer of Destiny
Bungie is the original creator of the Halo game

“Like us, SIE 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.​”

The gaming industry is currently witnessing massive studio buyouts; with Microsoft’s acquisition of Activision Blizzard as of the recent highlight. Take-Two has been in the news for its recent acquisition of mobile developer Zynga.



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