On January 31, 2022, Sony Interactive Entertainment (SIE) announced that it has entered into definitive agreements to acquire Bungie, a premier independent videogame developer and long-time partner of SIE that has created some of the videogame industry’s most highly-acclaimed franchises, including Halo and Destiny. The total consideration of this transaction is $3.6 billion, inclusive of purchase price and committed employee incentives, and is subject to customary working capital and other adjustments. Wilson Sonsini Goodrich & Rosati represented Bungie in the transaction.
This acquisition will give SIE access to Bungie's world-class approach to live game services and technology expertise, furthering SIE's vision to reach billions of players. Post-acquisition, Bungie will be an independent subsidiary of SIE and run by its board of directors chaired by Pete Parsons and Bungie's current management team. The transaction is subject to certain closing conditions, including regulatory approvals.
The Wilson Sonsini team that advised Bungie on the transaction includes:
Corporate/M&A
Craig Sherman
Rob Ishii
John Brust
Jackie Hamilton
Joy-Annette Atsegbua
James Power
Barbara Mery
Employee Benefits and Compensation
Madeleine Boshart
Mark Cornillez-Ty
Jason Chan
Employment and Trade Secret
Jason Storck
Joseph Horne
Heather Diles
Technology Transactions
Adam Shevell
Mary O'Brien
Privacy
Matt Staples
Megan Kayo
Daniel Chen
Michael O’Brien
Antitrust
Jamillia Ferris
Kimberley Biagioli
Jake Philipoom
Regulatory
Joshua Gruenspecht
Anne Seymour
Seth Cowell
Kara McDonough
Delaware Law
Amy Simmerman
Brad Sorrels
Ryan Greecher
Brian Currie
For more information, please see the press release. Further coverage can be found at The New York Times and The Wall Street Journal, among other outlets.