PlayStation has bought Bungie for $3.6 billion USD

PlayStation has bought Bungie for $3.6 billion USD
Ben Borthwick Updated on by

Posted in News

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PlayStation has announced that it has acquired Destiny and former Halo creators Bungie in a deal worth $3.6 billion USD.

The announcement was made on the PlayStation Blog by company President Jim Ryan. “First off, I want to be very clear to the community that Bungie will remain an independent and multi-platform studio and publisher,” he said. “As such, we believe it makes sense for it to sit alongside the PlayStation Studios organization, and we are incredibly excited about the opportunities for synergies and collaboration between these two world-class groups.”

As part of the deal, Ryan says PlayStation will benefit from the studio’s “world class expertise in multiplatform development and live game services”. The studio will come under the eye of Hermen Hulst, head of PlayStation Studios who also offered his own quote. “Bungie makes games with outstanding technology that are enormously fun to play. They also have unmatched dedication to the communities that play their games, and everyone at PlayStation, and PlayStation Studios, will be excited about what we can share and learn from them.”

Bungie’s CEO, Pete Parsons also contributes a statement, saying “In Sony, we have found a partner who unconditionally supports us in all we are and who wants to accelerate our vision to create generation-spanning entertainment, all while preserving the creative independence that beats in Bungie’s heart. Like us, Sony believes that game worlds are only the beginning of what our IPs can become. Together, we share a dream of creating and fostering iconic franchises that unite friends around the world, families across generations, and fans across multiple platforms and entertainment mediums.”

Bungie add in their own announcement post: “We remain in charge of our destiny. We will continue to independently publish and creatively develop our games. We will continue to drive one, unified Bungie community. Our games will continue to be where our community is, wherever they choose to play.​”

As for the future of Destiny 2, the company published a post to fans entitled ‘Our Shared Vision’. In the post, the studio made clear it still intends to keep Destiny 2 multi-platform. Upcoming expansion The Witch Queen is still set to arrive on February 22 for all formats, and Bungie say their plans for future expansions “are unchanged, all the way through The Final Shape in 2024“. Bungie say they will retain control and “publishing independence” of the Destiny universe in the deal too.

The news comes just a few weeks following Microsoft’s own $68.7 billion USD acquisition of Activision Blizzard, a publisher that Bungie was previously teamed up with until 2019.