Sony Has Completed Its $3.7 Billion Deal to Acquire Bungie and Welcome It Into the PlayStation Family

Sony Has Completed Its $3.7 Billion Deal to Acquire Bungie and Welcome It Into the PlayStation Family

Sony Interactive Entertainment has officially completed its $3.7 billion deal to acquire Bungie – the studio behind Destiny and every Halo game up to Halo: Reach – and has welcomed it into the PlayStation family.

PlayStation shared the news on Twitter, saying, “the agreement to acquire Bungie has closed. So now we can officially say… welcome to the PlayStation family, Bungie!”

Bungie also shared some words to mark the occasion and expressed how excited it is to “join the incredible team at PlayStation.”

“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,” Bungie wrote. “Per Boldness ad Astra!”

Sony announced that it was going to acquire Bungie in February 2022 for $3.6 billion, but the SEC filing for the completed deal from July 15 notes that the total price was “approximately $3.7 billion.”

When the deal was made public, Bungie confirmed that it will be run as “an independent subsidiary” of SIE and will remain a multiplatform studio with the option to “self-publish and reach players where they choose to play.”

Bungie is currently hard at work on supporting Destiny 2, but it has much more planned for the future. While the details of these projects have yet to be revealed, the studio did confirm Destiny 2 contains an Easter Egg teasing its next game.

In 2019, Bungie said it wanted to release at least one non-Destiny game by 2025. Various job listings have hinted that this new IP could be “comedic” and may feature “whimsical characters.”

Every Bungie Game Ever Reviewed by IGN

While this acquisition is completed, Sony has no plans of stopping and is looking to purchase more studios in the future.

As for the future of Destiny, Bungie shared the roadmap it has planned after the PlayStation acquisition and the studio is reportedly working on a Destiny mobile game.

For more, check out our look at how Sony’s Bungie buy fits into its larger PlayStation plan.

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Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and on Twitch.

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