Whatever it is that Bungie is cooking in addition to Destiny 2 must be pretty goddamn special, because Sony is spending $1.2 billion on ensuring the developer’s staff don’t leave. The company explained during its earnings report that roughly a third of its $3.6 billion buyout fee will be used for “deferred payments to employee shareholders, conditional upon their continued employment, and other retention incentives”. In other words, the Japanese giant is coughing up serious cash to keep the team together.
The cost of the acquisition will be expensed over a period of several years, with “approximately two-thirds in the first two years after the closing date”.
Ah, Michael Pachter. The Wedbush Securities analyst has been providing commentary on gaming industry news for years — usually provoking irate reactions from fans of particular brands. Anyway, he's back again, and this time, he's got a pretty strong opinion on Sony's recent buyout of Bungie for $3.6 billion.
Basically, Pachter reckons that the acquisition is grounded in Sony trying to keep up with an ever-shifting industry. "Sony, I think, just did a me too statement and said, we're not going to be left behind. So we'll buy Bungie," he tells Yahoo! Finance.
By Svea Herbst-Bayliss and Akanksha Rana BOSTON (Reuters) -GameStop Corp, at the center of this year's "meme stock" trading frenzy, on Wednesday reported...
