Sony Is All Set To Buy Game Developer Bungie For $3.6 Billion

Image Credit – BBC


Japanese giant Sony is all set to buy developer Bungie by spending a handsome amount of 3.6 billion dollars. Bungie is famous for developing some of the legendary games like the Halo series and Destiny that live deep inside the gamers’ hearts.

Although there are new games emerging everywhere, these are some of the evergreen games that lost their fame. Sony believes that Bungie can help to develop games that can reach millions of gamers around the world in this era of battle Royale.

Halo is one of the earliest games that helped Microsoft to gain more popularity via Xbox. At the beginning of this year, Microsoft has already announced its plan to buy Activision Blizzard, one of the biggest organizations in the gaming industry.

Microsoft said that it is going to spend a total of 68.7 billion dollars for Activision, which is one of the biggest deals till now.

With Microsoft’s new strategy to expand their gaming market, Sony is looking forward to giving tough competition as well.

President and chief executive of Sony Interactive Entertainment (SIE), Jim Ryan said, “This is an important step in our strategy to expand the reach of PlayStation to a much wider audience.”

He further added, “We understand how vital Bungie’s community is to the studio and look forward to supporting them as they remain independent and continue to grow.”

Though Sony has not revealed the date when the deal will be finalized and the gamers can start expecting new games, Bungie’s latest Tweet assures everyone that it is going to happen soon.

Bungie tweeted, “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.”

Previously, Microsoft

bought Bungie and the legendary game Halo which was on PC first but later on shifted to Xbox with its series. It sold millions and copies and become famous worldwide.

However, in 20007, Bungie separated from Microsoft to run as an Independent Business. But Microsoft kept the franchise of the Halo and its series as intellectual property.

Currently, Bungie has a total of 900 employees in its organization Washington State and it will continue to work independently under the vision of Sony. It is looking forward to expanding the gaming universe of Destiny 2 which is buzzing among the gamers already.

Chief executive and chairman of Bungie, Pete Parsons said, “Both Bungie and SIE believe that game worlds are only the beginning of what our IP will become.”

He further added, “Our original universes have immense potential and, with SIE’s support, we will propel Bungie into becoming a global multi-media entertainment company dedicated to delivering on our creative vision.”

January is the month of mega deals as not only Sony and Microsoft but GTA creator Take-Two Interactive also revealed its plan of buying out Zynga, a game developing organization that primarily focuses on mobile and social networking platforms.

Jerry Simmons

I am Jerry Simmons and I focus on breaking news stories and ensuring we (“Digital Wall”) offer timely reporting on some of the most recent stories released through market wires about “Financial” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Digital Wall specializing in quicker moving active shares with a short term view on investment opportunities and trends. <strong>Address:</strong> 4042 Braxton Street, Sterling, IL 61081, USA <strong>Phone:</strong> (+1) 815-535-4324 <strong>Email: </strong>[email protected]

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