Sony to purchase ‘Halo’ videogame creator Bungie in $3.6 billion deal

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Sony Interactive Leisure will purchase “Halo” and “Future” videogame creator Bungie Inc in a deal valued at $3.6 billion, making it the most recent in a wave of consolidation sweeping the gaming sector.

Early in January, Microsoft Corp supplied almost $70 billion to purchase “Name of Responsibility” maker Activision Blizzard , whereas “Grand Theft Auto” maker Take-Two bid $11 billion for “Farmville” maker Zynga.

Bellevue, Washington-based Bungie, which labored on the “Halo” videogame collection when owned by Microsoft, separated from the software program large to go personal in 2007. It has labored on quite a lot of titles together with “Marathon” and “Fable” and shall be becoming a member of Sony’s PlayStation lineup, the corporate mentioned in a weblog.

The acquisition will enable the PlayStation console maker to succeed in extra gamers with new video games in a aggressive house the place it’s toe-to-toe with Microsoft’s Xbox consoles.

“This is a crucial step in our technique to develop the attain of PlayStation to a a lot wider viewers,” mentioned Jim Ryan, who heads Sony Corp’s unit which is chargeable for the PlayStation model.

The online game house is consolidating quickly to faucet a surge in demand created by the pandemic, with new offers blurring the strains between PC and cellular gaming corporations as these corporations hunt for brand new income streams.

The sector is racing to a brand new document of $150 billion in offers, financing and IPOs this 12 months, in keeping with funding banking agency Drake Star Companions.

Sony Interactive Leisure acquired six gaming corporations in 2021, together with “God of Conflict” maker Valkyrie Leisure.

Bungie shall be an impartial unit of Sony Interactive Leisure and run by its board chaired by CEO Pete Parsons and crew.



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