Tech

Sony completed the $3.6 billion deal to buy Bungie


Developer behind Life is now part of the Sony universe. Sony Interactive Entertainment officially closed a $3.6 billion deal today to buy indie game studio and publisher Bungie, according to from both Bungie and PlayStation Studios. Under the terms of the acquisition, Bungie will retain creative control over its operations and independently develop its games. Like are from recorded since the agreement was reached announced in January, Bungie will be considered an independent subsidiary of Sony and will not be required to create current or future games exclusively for the PlayStation console.

Like TechCrunch Sony hopes Bungie’s expertise with games like Life will help it expand its own live game offerings. The company plans to spend 55% of PlayStation’s budget on live service games by 2025, Sony CEO Jim Ryan revealed at an investor pitch in May. PlayStation has plans on 10 games in direct service by March 2026, and Sony believes Bungie’s support will be vital in this effort.

Sony this week also closed a deal to acquire Montreal-based Haven Studios, which is growing for PlayStation. And Sony is far from done. The company plans to acquire more studios in the next few years in an effort its direct services and PC services, as Ryan noted in a number of . And on the Xbox side, Microsoft’s $68.7 billion acquisition of Activision Blizzard is expected next summer.

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