Sony has made the announcement that its acquisition of Bungie, the company that developed Destiny 2, has been successfully finalized. The PlayStation Twitter account was used by the firm to make the announcement about the event. In spite of the acquisition, Sony has not disclosed any plans to make Destiny 2 or any future Bungie games available on PlayStation platforms only.
Hermen Hulst, the head of PlayStation Studios, and Pete Parsons, the CEO of Bungie, both issued remarks on Twitter after it was announced that the transaction had been successfully completed. The latter discussed the vision to “create Bungie the best place anyone in the entertainment industry would ever work” and transform the company into “a center of creative and technical excellence.”
Back in May, Sony stated that they had anticipated the process of acquiring the company would be finished by the end of the year.
Since the moment it began the process of acquiring Bungie, Sony has made it quite clear that the company will continue to function on its own. In point of fact, the business is expecting that Bungie’s experience with live service games will be beneficial to Sony’s own aspirations to expand in the category of games.
The news that Sony has acquired has, however, not been received without criticism. An analyst in the industry named Michael Pachter speculated earlier this year that the business may have paid too much for the Bungie acquisition.
However, according to some reports, Microsoft was also reportedly in talks to acquire Bungie; however, the deal did not wind up going through in the end. It is also important to note that out of the total price of $3.6 billion that Sony is paying to acquire Bungie, $1.2 billion is going toward providing collective incentive incentives to Bungie’s employees once the acquisition has taken place.
— PlayStation (@PlayStation) July 15, 2022
I have always admired @bungie’s ambitious, ground-breaking games and their focus on creativity, craft and community. I can’t wait to spend more time with @pparsons, Jason Jones and their team as we chart a bold course for SIE, PlayStation Studios, and Bungie together https://t.co/ku9lVSGndU
— Hermen Hulst (@hermenhulst) July 15, 2022
Our vision is to make Bungie the best place anyone in the entertainment industry will ever work – a center of creative and technical excellence for our team, our players, and the communities we call home.
— pete parsons (@pparsons) July 15, 2022