Bungie officially joins PlayStation as $3.6B deal closes

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Sony Interactive Entertainment has officially acquired Bungie, the Bellevue, Washington-based development studio behind the Destiny video game series (SIE).

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Bungie joins the PlayStation Studios network as an independent subsidiary of SIE in accordance with the conditions of the $3.6 billion agreement, which was announced on Jan 31.

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The executive board and former management team, including CEO Pete Parsons, will remain in place.

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This places Bungie with other Pacific Northwest developers including Bend Studio (Days Gone), in Bend, Oregon,

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Seattle-based Valkyrie Entertainment, and Bellevue's Sucker Punch Productions (Sly Cooper, Ghost of Tsushima).

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According to a Friday morning tweet from the official Bungie account, Bungie's current project, Destiny 2, will continue to be accessible on systems other than the PlayStation.

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The company's goal is to "make Bungie the best place anyone in the entertainment industry will ever work,"

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according to Parsons, who described the acquisition as a "huge, bold move forward" on Twitter.

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Despite its newly proclaimed commitment to a remote-first work environment, Bungie has been on a hiring binge over the past six months and intends to continue its planned office expansions

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There are now 24 states in the continental U.S. that can apply.

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With the new agreement, Sony has made a conscious decision to refocus its development efforts over the course of the following three years

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Sony intends to have at least 12 live-service franchises running on the PlayStation by the fiscal year 2025, according to an investor presentation from May.

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