While the FTC didn’t look into Microsoft’s $7.5 billion acquisition of Bethesda, which was completed in March 2021, it is currently scrutinising the Xbox maker’s proposed $68.7 billion merger with Activision Blizzard. The FTC’s investigation may not meaningfully impact Sony’s Bungie deal, but it’s reflective of growing concern around potential antitrust issues during a time of increasing consolidation in the gaming industry. M&A activity in the games industry hit a record $85 billion in 2021 and has been forecast to reach $150 billion this year.
According to reports, the Federal Trade Commission (FTC) has initiated an extensive inquiry into Sony’s proposed acquisition of Bungie. Sony Interactive Entertainment said in January that it wants to pay $3.6 billion for the Destiny developer and Halo creator. The deal is currently being investigated by the FTC, which has taken a more active approach to scrutinising major tech mergers under the supervision of Lina Khan, who was named chair of the commission by President Joe Biden in March 2021.
Sony has claimed that Bungie will be “an independent subsidiary” of the PlayStation firm and remain a multiplatform studio should the acquisition go through as planned. Bungie has also said that existing and future games currently in development will not be exclusive to PlayStation platforms following the completion of the deal. We sometimes publish affiliate links on VGC. For more information read our affiliate linking policy.