Sony Interactive Entertainment (SIE) is set to acquire Bungie, an independent video game developer and partner of SIE, that has created franchises such as Halo and Destiny.
Photo credit: Sony Interactive Entertainment
The US$3.6 billion deal includes the acquisition price and committed employee incentives. The transaction is subject to certain closing conditions, including regulatory approvals, said SIE.
This acquisition will give SIE access to Bungie’s live game services and technological expertise.
Bungie will continue to operate independently, maintaining the ability to self-publish and reach players wherever they choose to play. Its board of directors will be chaired by Pete Parsons, Bungie’s CEO and Chairman, and its current management team.
Bungie currently has more than 900 employees and its team is focused on developing Destiny 2, expanding the Destiny universe, and creating entirely new worlds as part of its pipeline of future intellectual property.
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Editing by Collin Furtado and Arpit Nayak
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