Sony officially closes $3.6 billion acquisition of Bungie

Bungie, the developer of Destiny 2, is now officially a part of Sony. The PlayStation maker had announced its intent to acquire the gaming studio in a deal worth $3.6 billion in January, and now, that acquisition is complete.

Though it’s now under the Sony umbrella, Bungie will “continue to independently publish and creatively develop our games,” Bungie CEO Pete Parsons said in a blog post from the original announcement of the acquisition. And future games in development won’t be PlayStation exclusives, Bungie’s Joe Blackburn and Justin Truman said.

But Sony does plan to lean on Bungie for its “world-class expertise in multi-platform development and live game services,” which “will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers,” Sony Interactive Entertainment president and CEO Jim Ryan said in January. Sony views live service games as a critical part of PlayStation’s future, as it plans to launch more than 10 new live service games by March 2026.

With Bungie now officially part of Sony and Take-Two completing its acquisition of Zynga in May, now we have to wait for Microsoft to wrap up its massive $68.7 billion purchase of Activision Blizzard. It might be a little while until that’s completed, though; Microsoft expects the deal to close sometime in its fiscal year 2023, which began this month and runs through June 2023.