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Nobody going to talk about Sony buying Bungie for $3.6B?


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:sabu: @ the lemshits in this thread still thinking Gaylo is relevant. That shit died instantly on Steam. Destiny 2 is way more relevant than Halo Infinite and has way more players. It’s crazy how quick Halo died though. I thought it would be dead in months but that shit didn’t even last a month before it fell off lol.

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Turns out that the actual cost of the company, and its private ownership, it $2.4 Billion

 

The remaining $1.2B is setup as an employee incentive program to keep existing employees.

 

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Sony is offering Bungie employees a $1.2 billion incentive program in an effort to keep them at the company following the buyout.

In its recent Q3'21 earnings report, Sony confirmed it plans to spend a sizable portion of its Bungie buyout offer on retention. Sony says it is prepared to pay 1/3rd of its $3.6 billion buyout proposal, or roughly $1.2 billion, on a long-term incentive plan that will reward Bungie employees who stay with the company.

Sony will pay the remainder $2.4 billion for a direct buyout of Bungie's private shares. The bonus is aimed at keeping Bungie's current staff intact after the acquisition.

Deferred payments are planned across multiple years following the buyout closure. The company is prepared to pay about $792 million in deferred incentive payments in the first two years after the deal ends.

 

 

 

I figured there had to be some sort of revenue-sharing agreement, because if Sony isn't getting incoming revenues from the money that Destiny is making, then why didn't Bungie leadership simply spin-out Destiny into a separate company to keep for themselves?

 

 

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15 minutes ago, jehurey said:

Turns out that the actual cost of the company, and its private ownership, it $2.4 Billion

 

The remaining $1.2B is setup as an employee incentive program to keep existing employees.

 

 

 

I figured there had to be some sort of revenue-sharing agreement, because if Sony isn't getting incoming revenues from the money that Destiny is making, then why didn't Bungie leadership simply spin-out Destiny into a separate company to keep for themselves?

 

 

1.2 billion for 900 employees, assuming they even want to keep everyone? That’s over a million… per employee. :D 

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Doesn't matter how much incentive Sony gives them... when Facebook and Amazon and Google and Apple open their wallets to recruit programmers and tech artists to help develop the Metaverse... they're going to jump ship.

 

This is true for both Sony and MS.  Those big tech companies are going to go to war to steal each other's top developer talents.  It's going to be insane how valuable some of these developers will be to these companies.

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50 minutes ago, ghostz said:

1.2 billion for 900 employees, assuming they even want to keep everyone? That’s over a million… per employee. :D 

They need incentive to help reboot and create the eventual Destiny 3, but if all the revenue is mostly going to Sony and probably Bungie executives who still probably hold some percentage ownership in Destiny, then the employees have to get a piece of that as well.

 

Yeah, probably over the next 4 to 10 years of continuing Destiny and helping launch other GaaS projects, its no surprise that it would be over a million dollars for those types of game developers and designers.

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