Sony to Purchase ‘Destiny’ Developer Bungie in $3.6 Billion Deal

It looks as though Microsoft isn’t alone in building out its war chest with game development studios. Microsoft shook the gaming world earlier this month with its intention to acquire Activision Blizzard for nearly $69 billion, and now Sony is making moves of its own, buying Destiny developer Bungie. Compared to the Activision Blizzard purchase, Sony’s $3.6 billion outlay for Bungie somewhat seems quaint.

“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,” wrote Bungie CEO Pete Parsons. “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.”

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