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Playstation’s Acquisition of Bungie Is Now Complete

by Priyansh Sidhwani
July 17, 2022
in Gaming, News
Reading Time: 2 mins read
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Playstation's Acquisition of Bungie

Credit @ Playstation

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Today, PlayStation announced that Bungie’s acquisition deal with PlayStation has finally been completed, with Bungie now officially part of PlayStation Studios. The acquisition has closed, and Bungie is now officially part of Sony, sitting alongside PlayStation Studios as the publishing arm. Bungie is now officially a part of the PlayStation family thanks to its multibillion-dollar purchase by Japanese behemoth Sony. Sony Interactive Entertainment confirmed that they have officially acquired the Destiny studio, which brings the Destiny studio to the PlayStation line-up.

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Playstation's Acquisition of Bungie
Credit @ Playstation

Japanese giant Sony officially closed the $3.6B deal on Friday to acquire the indie gaming studio and publisher Bungie, according to statements by both Bungie and PlayStation Studios. Sony’s $3.6 billion buyout of Bungie took about a six-month wait. The official Twitter account of PlayStation tweeted “The agreement to acquire Bungie has closed. So now we can officially say Welcome to the PlayStation family,”.

Sony originally announced its intentions to purchase Bungie way back in January. PlayStation announced their $ 3.6 billion offer to purchase Bungie in January of 2022, raising a lot of questions regarding the future of both PlayStation and the Bungie projects. The CEO of Sony said in a statement earlier this year that They will use Bungie’s “world-class expertise in multi-platform development and live game services,” which “will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers,”.

The agreement to acquire Bungie has closed. So now we can officially say… welcome to the PlayStation family, @Bungie! pic.twitter.com/x5jVmelaxl

— PlayStation (@PlayStation) July 15, 2022

While PlayStation Studios stated that it was working on the acquisition long before Microsoft/Activision Blizzards deal was announced, this nonetheless leveled the playing field, as PlayStation Studios now has the highly regarded Destiny 2 under their umbrella. So far, we have seen no glimpses as to what is coming from the Bungie acquisition, with PlayStation reiterating Bungie will still be an independent studio. Back when the deal was announced, both Destiny 2 studio and PlayStation made clear the studio would remain completely independent, and its games would be made available outside the PlayStation console family. Earlier this year the CEO of Bungie stated “continue to independently publish and creatively develop our games,”.

While both PlayStation and the developers behind Destiny 2 will look to expand upon and enhance the Destiny 2 IP, it is not the sole reason for the studio’s acquisition. Sony has already sealed the deal, acquiring Bungie earlier today, but in an effort to keep fans from getting the wrong impression, Bungie has once again made the announcement that Destiny 2 will stay available across platforms. Sony shared on Friday that Bungie is now officially a part of Sony, solidifying its acquisition. Bungie, the Bellevue, Wash.-based developer behind the Destiny series of video games, has been officially acquired by PlayStation maker Sony Interactive Entertainment.

Tags: Playstation BungiePlaystation's Acquisition of Bungie
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Priyansh Sidhwani

Hi! I'm Priyansh, I write articles about gaming news here at Techstory. To get in touch E-mail: Priyansh@connasys.com.

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