Learn If Sony Overpaid for Bungie via Insider Reports

5 August 2024 at 02:00 in Gaming News with no comments
Sony Overpaid Bungie

In 2022, Sony shelled out a whopping $3.6 billion to buy the game studio Bungie, famous for the Destiny series. But was Bungie really worth that much, or did Sony get ripped off? Find out here.

Key Information

  • Sony Fires 220 Former Bungie Employees.
  • Bungie Overpriced Itself.
  • Bungie Can’t Deliver What They Promised Sony.

Sony Fires Bungie Employees

In 2022, Sony bought Bungie for $3.6 billion, banking on their expertise in live-service games. But just a few days ago, it was announced that 220 out of Bungie’s 1,300 employees are getting the boot, and another 155 are being shuffled into different PlayStation teams. Insiders are now saying that buying Bungie was a big mistake.

Sony Overpaid Bungie

Bungie sold itself to Sony for way more than it was worth. The studio isn’t raking in the promised revenue, and ongoing projects are dragging and not hitting their targets. To cut losses, 220 employees are getting axed.

Even insiders admit Bungie overpriced itself. Some employees even claim that without Sony’s buyout, Bungie was on the brink of bankruptcy.


Conclusion

Sony definitely overpaid for Bungie and now has to deal with the fallout, which unfortunately means a lot of people are losing their jobs. This also puts a damper on the future prospects of this once-great studio that won over many players with Destiny 2. The consequences of this overpriced acquisition are becoming increasingly apparent, and Sony must navigate the aftermath carefully to avoid further losses. Bungie’s future now hangs in a delicate balance, with its reputation and financial stability in question.


Allkeyshop COVERS YOU WITH THE BEST AVAILABLE DEALS

Download the Allkeyshop Browser Extension Free – SAVE MONEY

For all the latest video game news, trailers, and best deals, make sure to bookmark us.
You can find all the best and cheapest online deals on CD keys, game codes, gift cards, and antivirus software from the verified CD key sellers on our store pages.

To not miss any news on Allkeyshop, subscribe on Google News.

Read this post in :

By Kilian Kilian

MORE RELEVANT ARTICLES