Sony now officially owns Bungie

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The ink dried up after Sony’s acquisition of Bungie, the gaming company behind the sci-fi hits Halo and Destiny.

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Both companies announced the news on Twitter on Friday, confirming that the $3.6 billion deal went through without any surprises.

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While this is a large amount for a relatively small company, the merger was modest enough to avoid antitrust scrutiny provoked by Sony competitor Microsoft with a planned $69 billion concurrent acquisition of Activision Blizzard.

Bungie may not be as sprawling as Activision Blizzard, which publishes everything from Overwatch and World of Warcraft to the Call of Duty mega-franchise, but it’s ready nonetheless. have a huge impact on Sony’s near-future gaming roadmap.

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At Sony, Bungie will remain a separate game studio, but its expertise will be woven into the company’s strategy for PlayStation Studios, Sony Interactive Entertainment’s division of creating games that showcase the company’s technological prowess. Sony has big plans to use Bungie’s well-established model for a range of live service games – massively multiplayer online games that sell virtual goods and evolve over time, often charging players a monthly access fee or special perks.

In an investor presentation this May, Sony Interactive Entertainment CEO Jim Ryan outlined the company’s intention to dedicate 49% of its PlayStation Studios development budget to live service games by the end of 2022. Over the course of three years, Sony plans to launch and support twelve of its own live games.

“The strategic importance of this acquisition lies not only in obtaining the highly successful Destiny franchise, as well as in obtaining a major new intellectual property that Bungie is currently working on, but also in bringing together the experience and technology developed by Bungie in the field of gaming services into the Sony group. . Sony CFO Hiroki Totoki said shortly after the Bungie acquisition became known.

While the company hasn’t specified which games will be live-streamed, it’s likely that core PlayStation properties like Horizon Forbidden West, God of War, and The Last of Us will be drenched in Bungie’s secret sauce, generating recurring revenue post-launch. day if Sony plays its cards right.




Credit: techcrunch.com /

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