Big Law
Sony Acquires Popular Game Developer Bungie For $3.6 Billion
Bungie, the studio responsible for the creation of Halo and Destiny, two of the gaming world’s biggest franchises, has been acquired by Sony. It’s part of a consolidation and turf war being waged as the next generation of gaming (and the metaverse, whatever that is) builds up steam.
The news was announced by both companies Monday morning (with industry sleuth Jason Schreier reporting early) and the deal valued at $3.6 billion. That may be just a fraction of Microsoft’s recent $60 billion Activision Blizzard acquisition, but Bungie is no less a legend in gaming.
