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PlayStation CEO Jim Ryan on Bungie Buyout: “Expect More Acquisitions”

  • Jeffery Williams
  • February 1, 2022
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The PlayStation Chief Executive Officer, Jim Ryan, is not surprised by the announcement that Bungie has been bought out from Activision Blizzard. He believes this could be just the tip of an iceberg in terms of future acquisitions for high-profile games and studios.

The “sony acquisition rumors” is a topic that has been circulating for a while. Sony’s CEO Jim Ryan has said to expect more acquisitions in the future.

PlayStation-CEO-Jim-Ryan-on-Bungie-Buyout-Expect-More-AcquisitionsImage credit: Sony

Sony Interactive Entertainment stunned PlayStation fans today by announcing that it will be purchasing Bungie, the creator of the Halo franchise and the developer of Destiny, in a 3.4 billion dollar transaction.

In an interview with GamesIndustry.biz today, PlayStation CEO Jim Ryan confirmed that Sony is “absolutely” planning to make more acquisitions, telling GamesIndustry.biz that the PlayStation family is expected to grow even bigger with purchases that could include some of the world’s most well-known game studios. Ryan’s objectives seem to be a clear indicator that Sony’s higher-ups have taken note of Microsoft’s acquisitions.

“We should certainly anticipate more,” Ryan said in an interview about the complexities of Bungie’s arrangement, which would enable the Destiny developer to continue publishing and creating games freely despite its new ownership. “We’re far from finished. We have a long way to go with PlayStation.”

“I’ll be spending a lot of time with Pete [Parsons, CEO] and the team at Bungie, trying to make sure that everything settles down properly and that autonomy means autonomy,” Ryan stated, before revealing that Sony has their wallets out. “However, we still have a lot of work to do elsewhere in the organization.”

Last year, Sony purchased five studios, including Housemarque (Returnal), Bluepoint (Shadow of the Colossus), Firesprite (The Persistence), and Valkyrie Entertainment (The Persistence) (God of War). Nixxes Software, a Dutch firm best known for the PC versions of Shadow of the Tomb Raider, Deus Ex: Mankind Divided, and other notable Square Enix games, was also acquired by PlayStation.

GamesIndustry.biz is the source for this information.

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The “Destiny news” is that Bungie, the developer of the popular game Destiny, has been acquired by Activision. The acquisition was made for $500 million dollars. Reference: destiny news.

Related Tags

  • xbox acquisition
  • destiny2
  • bungie halo
  • destiny video game
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Table of Contents
  1. Recent Developments
    1. Despite earlier promises, NVIDIA has been silent on the GeForce RTX 3090 Ti.
    2. “Ten years ago, the Metaverse was already up and running,” says a former Valve economist.
    3. With a 3.1+ GHz overclock, AMD Radeon RX 6900 XT tops the 3DMark Fire Strike rankings.
    4. Call of Duty is said to be Dwayne Johnson’s next video game film.
    5. GeForce Security Update Drivers for Kepler, Maxwell, and Other Older GPUs are now available from NVIDIA.
    6. Part II of the Final Fantasy VII remake will be shown this year.
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