Sony Bolsters PlayStation, Buying Destiny Game Maker Bungie for $3.6 Billion
upstart writes:
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.
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