Sony Interactive Entertainment has announced it will buy Destiny developer Bungie for $3.6 billion. Following the acquisition, Bungie will become an independent subsidiary of Sony Interactive Entertainment and will be managed by Pete Parsons and Bungie’s current management team. Bungie will continue to serve as a multi-platform studio and broadcaster managed by the current Board of Directors.
Ryan explained in a PlayStation Blog post: “Bungie will be fully supported by Sony Interactive Entertainment, allowing them to do what they do best. I spent a lot of time with Pete Parsons, Jason Jones and the Bungie management team. We will continue to captivate millions of fans.”