Sony Completes its Deal to Acquire Destiny Studio Bungie
Looks like PlayStation has closed more than one acquisition deal this week as the gaming brand has announced it has completed its agreement to acquire the makers behind the Destiny games, Bungie and in a tweet officially welcomes the studio to the PlayStation family.
The $3.6 billion deal to acquire the original Halo developer was officially announced back in January but after pending regulatory approval taking up some time, Bungie is officially a first-party studio under Sony Interactive Entertainment. If you noticed, this acquisition is a little different than past PlayStation acquisitions and won’t be directly under the PlayStation Studios umbrella. Instead, the developer will preserve its independence as a separate subsidiary as a multi-platform studio and publisher that will work beside PlayStation Studios.
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.
The hope of the acquisition for Sony is that Bungie brings on its live service game expertise as Sony is looking to expand into that market. TechCrunch reports that PlayStation is planning to spend 55 percent of its budget on live services titles and release 10 live service games before March 2026.
“We believe it will be a catalyst to enhance our live game services capabilities. Our acquisition of Bungie also represents a major step forward in becoming more multiplatform,” Sony CEO Kenichiro Yoshida said back in May, according to VGC.
Under Sony Interactive Entertainment, Bungie will continue to support Destiny 2 and hopefully expand the game even further. Also, there is hope to bring on new game content as the Destiny developer has announced it’s working on yet to be revealed new IP that it hopes to release before 2025 in this new PlayStation era.