Sony Interactive Entertainment today announced a deal to acquire Bungie for $3.6 billion, the latest in a string of big-ticket consolidation deals in the games industry.
After the deal closes, Bungie will be "an independent subsidiary" of SIE run by a board of directors consisting of current CEO and chairman Pete Parsons and the rest of the studio's current management team.
Sony has said Bungie will remain a multiplatform studio, with the option "to self-publish and reach players wherever they choose to play."
At present, the studio is working on maintaining Destiny 2, expanding the Destiny franchise, and working on new IP.
"We've had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn't be more thrilled to officially welcome the studio to the PlayStation family," said SIE president and CEO Jim Ryan.
Sony buying Bungie for $3.6 billion
Destiny studio will remain multiplatform, able "to self-publish and reach players wherever they choose to play"
www.gamesindustry.biz
Bungie is Joining PlayStation
Legendary developer to join PlayStation as independent, multi-platform studio and publisher.
blog.playstation.com
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