PlayStation Acquisition of Bungie Has Closed - News

by William D'Angelo , posted on 15 July 2022 / 4,206 Views

Sony Interactive Entertainment announced its acquisition of the Destiny developer Bungie has closed.

The agreement to acquire Bungie has closed," reads a tweet from the official PlayStation Twitter account. "So now we can officially say… welcome to the PlayStation family, Bungie!"

The official Bungie Twitter account added, "We are proud to officially join the incredible team at PlayStation, we are excited for the future of our company, and we are inspired to bring together players from all over the world to form lasting friendships and memories."

Read the Bungie blog post on the acquisition below:

BUNGIE JOINS SONY INTERACTIVE ENTERTAINMENT (“SIE”)

We believe games have limitless potential, and that to do anything worthwhile in entertainment, we must bet big on our vision, on our studio, and on our incredible team of trusted creators who build unforgettable worlds that truly matter to people.

In SIE, 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, SIE 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.

Today, Bungie begins our journey to become a global multi-media entertainment company.

CREATIVE FREEDOM

Since taking flight in 1991, Bungie has always charted the future with our own star map – a path that is driven by our people and for our community. We are continuing that journey with new worlds in development, and we can’t wait to share them with you.

With SIE, the potential for our universes is unlimited. Our future games will take bold steps into unexplored spaces for Bungie, continue to push the boundaries of what is possible, and will always be built on a foundation of creating meaningful, lifelong friendships and memories.

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.

With SIE's support, the most immediate change you will see is an acceleration in hiring talent across the entire studio to support our ambitious vision. If this speaks to you, and you want to help us put a dent in the universe, we are hiring across all disciplines for Destiny 2 and for all new worlds beyond.

THREE DECADES AND COUNTING

What makes our worlds come to life is our community and our people in the studio. Our people are the soul of Bungie. Empowered by our people, we have pushed the boundaries of what we thought was possible and transformed who we are as a company.

Over the past 30 years, the inviting worlds we've built have turned into thriving communities, and that community is the true magic. These communities have taken Bungie beyond games. They have forged life-long bonds, and humbled us with the real, meaningful good they drive within us and the world.

More than anything, SIE understands that our people and our community are both the priority, and the heart of our success, and are willing to stand alongside us as we continue to use our platform to drive action towards a more welcoming and equitable world. Our goal is to build a place where the world’s most creative and talented people can come and do their best work, no matter who they are, where they are from, or how they identify.

That’s the real dent in the universe we want to make -- the one we want to last beyond us.

Be a part of this future with us. See you Starside.

-pete

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

We are proud to officially join the incredible team at PlayStation, we are excited for the future of our company, and we are inspired to bring together players from all over the world to form lasting friendships and memories.

Per Audacia ad Astra! https://t.co/trVT3s0BTE pic.twitter.com/YQbnLrnAQW
— Bungie (@Bungie) July 15, 2022

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

24 Comments

LivncA_Dis3 (on 16 July 2022)

Another high caliber developer joins the ps family!

thevideogameninja (on 16 July 2022)

Well, I guess welcome to the family Bungie!

It seems like this gen is going to be the gen of gaming developer acquisitions.

While gamers haven't really seen anything major yet in the way of these acquisitions I would imagine in the next few years the deals made over the last 2 years will directly impact gamers in terms of what titles they will be playing on their preferred system of choice.

Bungie is pretty much synonymous with Destiny and the old school Halo so I personally would love to see them get a little adventurous with some of their next game developments.

Here's to a bright future with Sony.

-DESTINED 4 GREATNESS NINJA APPROVED-

V-r0cK (on 15 July 2022)

Excited to see what they can do now.

2zosteven (on 19 July 2022)

sooooooooooooooooooo, Destiny 3 or a new IP?

loy310 (on 15 July 2022)

Happy for Bungie

DonFerrari (on 15 July 2022)

Thought it would take longer to get the approvals, but ok. for me that is still a bad use of money considering my gaming needs, but perhaps for Sony bottomline the support for their GAAS intents will return profits even with the obscene amount they paid for it.

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mjk45 twintail (on 15 July 2022)

A lot of it comes down to Bungies long term profitability and the investment to profit ratio ability of Destiny like games to make money post release .
Sony's extra investment part of the Bungie deal tells us that this is more than just them buying a studio and those numbers stack up and are a major reason why we are seeing that additional investment.

scrapking twintail (on 16 July 2022)

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DonFerrari twintail (on 18 July 2022)

Also MS already have more expertise on GAAS than Sony so likely they would value Bungie differently.
Although after all the damage 343i gave to Halo they could use Bungie coming back to bring some breathing (but I doubt Bungie wants anything to do with Halo again).

mjk45 twintail (on 18 July 2022)

I'm not up-to-date with the figures but if you take away the billion dollar investment money wasn't the purported MS offer around the same as Sony's and if so from the outside it would seem that even if MS had their own further investment plans ,Sony's push to basically run it's GAAS games program through Bungie along with the funding to aid to help accomplish that being part of the purchase just made it more attractive.

DonFerrari twintail (on 18 July 2022)

I`m talking about my own taste not Sony pocket. I'm pretty sure they have run the numbers and think it will be profitable to them.

scrapking DonFerrari (on 16 July 2022)

Yeah, it'll be really interesting to see how this plays out. On the outside looking in it appears that they paid too much, but time will tell.

-6

FormerlyTeamSilent13 (on 15 July 2022)

G2ThaUNiT FormerlyTeamSilent13 (on 15 July 2022)

Brimac19 G2ThaUNiT (on 15 July 2022)

As a player who jumped back in to Destiny about a month ago I’m absolutely having a blast and to this day it has the best feeling gunplay!!’

G2ThaUNiT Brimac19 (on 15 July 2022)

The gunplay is amazing! Arguably the best feeling FPS on the market! Not denying that at all. It was one of the biggest reasons I put thousands of hours into the franchise over the years.

FormerlyTeamSilent13 Brimac19 (on 15 July 2022)

It has always had good feeling gunplay. The problem is the enemies are stuck in mud and very predictable bullet sponges.

KratosLives FormerlyTeamSilent13 (on 15 July 2022)

So why is destiny 2 the only game my wife plays?

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Imaginedvl FormerlyTeamSilent13 (on 15 July 2022)

Yeah well no matter the downvotes, I think the majority of people agrees that it was a very weird and questionable acquisition. Value wise it did not hold the amount but maybe they will prove to be offering something more valuable in the future