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Sony boss Jim Ryan has said ‘we are by no means done’ in terms of buying other companies, as he hints at new live service games.

With Bungie titles such as Destiny 2 and the Halo franchise in the Sony family, the Japanese giant has responded to Microsofts war cry.

Sony announced a deal to acquire Halo and Destiny developer Bungie for $3.6 billion. The studio will remain an independent subsidiary Read Full Article at RT.com

The PlayStation portfolio is poised to get a little bigger.

A division of Sony Group Corp. has agreed to purchase 100% of the shares of Bungie Inc., an independent video game developer, for $3.6 billion, Sony announced on Monday (Jan. 31). Bungie, based in Was

Callable Multi Barrier Reverse Convertible auf Electronic Arts, Microsoft, Sony Group

Bungie will join Sony''s PlayStation family, the US company said in a blog post, as the Japanese conglomerate strengthens its network of in-house gaming studios behind hits such as "Spider-Man" to take on cash-rich rivals.

Microsoft was most likely ready for rigorous anti-trust scrutiny around the world when it decided to purchase Activision Blizzard for $68.7 billion. The deal is the tech giant''s biggest yet, and it''s also set to become the largest all-cash acquisition ever. In the US, the proposed acquisition will be reviewed the Federal Trade Commission instead of the Justice Department, according to Bloomberg . The two agencies are in charge of investigating mergers in the country and typically decide between themselves which one will take charge of a case. FTC''s investigation will reportedly take a close look at how Microsoft''s ownership of Activision could harm rivals by limiting access to the developer''s biggest games. Activision owns hugely popular IPs, including Call of Duty , World of Warcraft and Candy Crush . It''s unclear if Microsoft has plans to release titles exclusive to Xbox and Window PCs in the future, but it''s worth noting Sony is still ahead of Microsoft in terms of gaming hardware sales and that a large chunk of Activision''s revenue comes from PlayStation gamers.

The acquisition will give Sony access to Bungies live game services and technological expertise.

The US antitrust review of Microsoft’s $68.7 billion proposed acquisition of Call of Duty maker Activision Blizzard will be handled by the Federal Trade Commission (FTC), Bloomberg News reported late on Monday, January 31, citing a person familiar with the matter. The FTC, instead of the Justice Department, will investigate whether the takeover will harm competition, the report said. Microsoft, Activision and FTC did not immediately respond to Reuters requests for comment. The deal announced by Microsoft in January is its biggest-ever and is set to be the largest all-cash acquisition on record. It will bolster Microsoft’s firepower in the booming videogaming market where it takes on leaders Tencent Holdings Ltd and Sony Group Corp. In a wave of consolidations sweeping the gaming sector, Sony said on Monday it will acquire Bungie Inc , the original creator of the Halo videogame and developer of Destiny , in a deal valued at $3.6 billion. In a bid to toughen merger guidelines, the FTC and the Justice Department had last month issued a joint statement saying that industries had become increasingly concentrated and a surge in merger filings in 2020 and 2021 signaled the situation will worsen.

Loup Fund analysts Gene Munster and Doug Clinton said during a discussion Monday that there is a build-up of urgency around the acquisition of gaming content after a recent flurry of mergers and acqui

Sony is buying Bungie in a deal valued at $3.6 billion, it was announced today which will make Bungie become an independent subsidiary of Sony Interactive Entertainment. And if that has you wondering what the state of Destiny and other Bungie titles will be in terms of future releases, Bungie will continue to release multiplatform [] Sony Buys Bungie For Billions, Destinys Future Just Got Interesting | GameSpot News

Sony has agreed a US$3.6bn deal to acquire Bungie as the so-called console war between PlayStation and Xbox continues to be fought at the deal table. In the wake of Microsoft's US$69bn capture of Call

The latest jaw-dropping deal in video games is Sony Interactive Entertainment’s agreement to buy Bellevue, Wash.-based Bungie, maker of the Destiny series of online multiplayer first-person shooter games, originally known for developing Halo for Microsoft’s Xbox. RELATED STORY Analysis: Sony buying Bungie is the counter-move we were waiting for Bungie was spun out of Microsoft in 2007 and has operated as an independent company in the meantime. It’s expected to be an independent Sony Interactive Entertainment subsidiary and continue to operate under its current management. Bungie is promising to expand its 900-person employee base and move into new areas of entertainment… Read More

PlayStation maker Sony has announced a $3.6bn deal to buy Bungie, the games developer behind titles such as Destiny.