Yet another major acquisition is taking place as Sony Interactive Entertainment have announced they have entered agreements to acquire Bungie for $3.6 billion.
Provided the deal goes through, the plan is to have Bungie act as an independent subsidiary under Sony Interactive Entertainment.
Pete Parsons, CEO of Bungie, said in a statement:
“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 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.
“Today, Bungie begins our journey to become a global multimedia entertainment company.”