sony buys bungie

The FTC reportedly investigating Sony’s Bungie buyout

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The US Federal Commerce Fee is reportedly set to research and scrutinise Sony’s deliberate $3.6 billion acquisition of Bungie. With related studies about Microsoft’s proposed acquisition of Activision Blizzard, business watchers are eager to see whether or not main acquisitions corresponding to this shall be allowed to proceed.

The report comes from The Data – which is a reasonably good identify for an internet site if you happen to ask me – and does spotlight a shift in how the FTC is viewing mergers and acquisitions in huge tech and, by extension, gaming. Below the earlier administration, the FTC sat on its fingers as Microsoft’s $7.5 billion acquisition of Bethesda went by way of with no hitch – this was accomplished in March 2021 shortly after Joe Biden assumed workplace and across the time that FTC chair Lina Khan was appointed to the physique.

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Since then, there’s been loads of discuss about how they’re going to be a lot more durable on the tech business’s M&A, and the FTC did sue to dam Nvidia’s $40 billion acquisition of British semiconductor designer Arm. Nvidia ultimately gave up on their effort earlier than it might undergo the courts, within the first main end result for this coverage. We’ll have to attend and see how the Activision Blizzard acquisition is dealt with, although the deal has been greenlit by ABK shareholders.

The Bungie buyout was introduced again in January, with Sony making quite a few pledges and guarantees for the corporate’s future. Sony has been looking for to bolster their multiplayer gaming portfolio – there’s a plan to launch 10 stay service video games within the subsequent few years – with Bungie engaged on a handful of latest IP along with the evergreen Future 2. Nevertheless, these video games won’t turn into PlayStation exclusives, as the 2 firms have assured followers that Bungie will stay an independently run, self-publishing firm, albeit now with the monetary backing of Sony.

Supply: The Data

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