Meridian Daily News

Sony’s $3.6 Billion Bungie Gamble Just Met Reality

By Evelyn Hartwell · 5 min read

BUSINESS

The atmosphere in Bellevue, Washington, changed on a Tuesday.

BUSINESS

But the DNA has changed.

BUSINESS

Last week’s announcement that Bungie is laying off 220 employees—roughly 17% of its workforce—wasn't just a corporate trimming.

BUSINESS

When Sony Interactive Entertainment (SIE) announced the Bungie acquisition in early 2022, the industry was baffled by the price tag.

BUSINESS

But Bungie was expensive to run.

BUSINESS

Still, the overhead mattered.

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