The Strategist

Sony buys game developer Bungie for $3.6B

02/01/2022 - 07:12

Sony Group's video game subsidiary, Sony Interactive Entertainment (SIE), will buy game developer Bungie for $3.6 billion, according to an SIE release.

Global Panorama
Global Panorama
"Sony Interactive Entertainment LLC (SIE) today announced that it has entered into a definitive agreement to acquire Bungie, Inc. (Bungie)," the release reads.

The deal is valued at $3.6 billion. The release notes that Bungie will be an independent subsidiary of SIE.

Sony is a Japanese diversified corporation founded in 1946. It specializes in electronics, owns recording studios and film studios, and provides financial services. Sony Interactive Entertainment - Sony's subsidiary founded in 1993 develops and publishes video games, owns PlayStation brand.

Bungie is an American video game developer founded in 1991. It owns Halo and Destiny franchises. The company employs more than 900 people.