Sony’s $3.6 Million Deal seems Overpaid to Michael Pachter, says Could Have Bought Warner Bros Interactive Instead

Sony just got stuck in an overpaid deal a few months back. The PlayStation console makers bought Bungie for a whopping $3.6 billion, which turned out to be expensive.

To all those who don’t know who Bungie is, let me help you. Bungie is the developer for your favorite games such as Halo, Oni, and Myth. The developer has worked with Sony to publish exclusive content for Destiny 1 and 2 on the PlayStation console.

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Wedbush Analyst Michael Pachter reacts to the Sony – Bungie deal!

After Sony’s arch-rival acquired Bethesda for $7.5 billion and Activision Blizzard for $67.8 billion, the company rushed into their acquisition deal, making a huge mistake. The value at which they bought the Halo makers looked vastly overpaid for analyst Michael Pachter. 

He argued over two facts. First, he said that Sony paid $4 million to developers even when the deals were not that worthy. Second, the $3.6 billion deal would have been much lesser if not rushed. I mean, he’s not wrong.

We have seen Sony bag some good deals in the past. The notable ones include Guerrilla Games, makers of the Horizon series, and Bluepoint Games, which made a remake of the God Of War. They also own Days Gone developer Bend Studios and Naughty Dog, who created Uncharted and Last Of Us. 

With such amazing deals, this one looks like a rookie mistake. But let’s not form an opinion here as Bungie can be the game-changer. The developer created Destiny, which sold 4,304,393 copies in the first week of its release. Apart from that, they also made its sequel which stormed the markets by selling 1.92 million copies in 7 days. 

Sony’s bright future!

After the release of PlayStation 5 in 2020, Sony has been doing pretty well in terms of sales. The franchise has sold 17.5 million units to date and can see a sharp rise with the release of new titles. A large number of games are lined up for this year which includes Star Trek: Resurgence, Sonic Frontiers, Marvel’s Midnight Suns, Ghostbusters: Spirits Unleashed, Lord of the Rings: Gollum, and God of War Ragnarok. 

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What do you think about the deal? Can Bungie prove to become the game-changer? Let us know in the comments section.