FTC Has Opened an Investigation into Sony’s $3.6 Billion Bungie Purchase

The FTC has launched an investigation into Sony’s $3.6 billion acquisition of Bungie, a video game developer behind the immensely popular Destiny franchise.

The federal agency is also reviewing Microsoft’s $70 billion purchase of Activision Blizzard.

The Federal Trade Commission’s latest probe shows the government agency’s firm stance toward mergers in the technology sector, particularly gaming companies.

Credit for this new approach from the FTC goes to Lina Khan, whom President Joe Biden appointed to become the FTC Chair last year.

The Federal Trade Commission (FTC) is concerned that Sony’s acquisition of Bungie will make the game studio’s games exclusive to Sony’s PlayStation platform.

The FTC is looking into whether or not such exclusivity would impede competition with rival companies, Microsoft and Nintendo.

In his blog post announcing the merger, President and CEO of Sony Interactive Entertainment (SIE) and chairman of Sony Computer Entertainment America (SCEA) Jim Ryan made it clear that once the deal is finalized, Bungie will still be an independent game development studio, working on games for multiple platforms.

Bungie has hinted that the reason for its recent merger with Sony is to expand its entertainment prospects beyond game development.

The federal investigation may not block the deal entirely, but it could push its closing date beyond the end of the year to as late as 2023.

Sony expects to close the deal with Bungie by the end of the year, but a delay caused by the investigation could cause problems for Sony’s timeline.

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About Mony

Mony - Meta Tier ListMony is a dedicated gamer with a penchant for adorable mobile games. She finds joy and entertainment in playing cute gacha games that bring a smile to her face. With a collection of beloved characters and an eye for charming aesthetics, Mony delves into virtual worlds filled with whimsy and delight. Join her as she embarks on enchanting adventures and embraces the irresistible allure of these endearing mobile games, while also writing about them.

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