Welcome to the Tech Mem Right Home for Tuesday, February 1st, 2022. I'm Brian McCullough.

Today, the time of gaming consolidation is upon us with Sony snapping up Bungee. Not exactly related but the

New York Times also acquired Wirtle. Did the CEO of Bolt's tweets lose him the top job

at the company he founded you can no longer roll

through stop signs in your Tesla and the best use of augmented reality I've heard

in a while here's what you miss today in the world of tech. Well I think we now know one of the big

stories of 2022 already, consolidation in the gaming industry.

Sony Interactive Entertainment announced yesterday it is buying Bungee,

which makes destiny among other games for 3.6 billion dollars.

Among those other games Bungee makes, HALO, the flagship game for the

Xbox platform. So real sort of tip for tat here on some level, quoting games industry dot biz after the deal closes

bungee will be quote an independent subsidiary of Sony interactive

entertainment run by a board of directors consisting of current CEO and Chairman Pete Parsons and the rest of the studio's current management team.

Sony has said Bungee will remain a multi-platform studio with the option quote to self-publish and reach players wherever they choose to play

end quote at present the studio is working on maintaining destiny two expanding the

destiny franchise and working on new IP the deal caps off a massive January for games industry acquisitions

Take to announce an agreement to acquire Zinga for roughly 12.7 billion dollars on January 11th

and Microsoft followed up with a 68.7 billion

deal for Activision Blizzard a week later. This would be the second time Bungee has

been bought by a platform holder.

Microsoft acquired the studio in June of 2000, securing its then upcoming

shooter HALO as an exclusive title for the original Xbox 2001 launch. Bungee would regain its independence shortly after the launch of HALO 3 in October of 2007.

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