Sony buys video game maker Bungie for $3.6 billion as takeovers continue | sony

Sony has agreed to buy video game maker Bungie for $3.6 billion, the latest in a series of buyouts in the video game industry.

Bungie, based in Washington state, developed the hit first-person shooter video game Destiny and Halo, a series that provided some of the biggest hits ever for rival Microsoft’s Xbox system. Bungie was acquired by Microsoft in 2000 and spun off from Microsoft in 2007. Halo is now managed by Microsoft-owned 343 Industries.

The sale comes after Microsoft’s $69 billion acquisition of Activision Blizzard, maker of Call of Duty, Diablo and World of Warcraft and Take Two Interactive’s $12.7 billion purchase of FarmVille creator, Zynga.

The fate of Bungie 2. Photography: Bungie

“Bungie has created and continues to evolve some of the world’s most beloved video game franchises, and by aligning its values ​​with people’s desire to share gaming experiences, they unite millions of people around the world,” said Kenichiro Yoshida, Chairman, President and CEO. Sony CEO.

Bungie has hinted that it will continue to develop its games for all platforms. “We will continue to independently publish and develop our games creatively,” the studio said in a statement. “We will continue to lead a unified Bungie community. Our games will continue to be where our community is, wherever they choose to play. »

Comments are closed.