Bungie Acquisition, Valuation, Funding & Investors

Bungie was acquired by Sony Interactive Entertainment for $3.6B in January 2022.

Bungie acquisition price

$3.6B

Acquired by Sony Interactive Entertainment · Jan 2022

Cumulative funding Bungie raised

$100M

across 1 funding round

Key investors in Bungie

Bungie Overview

About Bungie

Bungie is a Bellevue, Washington-based video game developer known for titles like Marathon, Myth, Halo, and Destiny 2. Founded in 1991, the studio gained prominence through partnerships with Microsoft and Activision before becoming independent again in 2022. Bungie now publishes its own games including Marathon reboots and Matter expansion.


Founded

1991

HQ

United StatesSeattle, WA

Website

bungie.net

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Valuation

$3.6B (acquired Jan 2022)

Bungie Acquisition

Bungie was acquired by Sony Interactive Entertainment for $3.6B on 31 January 2022.

Before the acquisition Bungie had raised $100M across 1 funding round.

Bungie acquisition details
AcquirerDateTypePrice
  • Sony Interactive Entertainment
31 Jan 2022Strategic M&A$3.6B

Bungie Funding History

Bungie has raised a total of $100M across 1 funding round.

Bungie funding rounds

Bungie funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2018Strategic investmentNetEase (lead)$100MBungie, the developer behind Halo and Destiny franchises, received a $100 million investment from NetEase in 2018 in exchange for a minority stake and a board seat. The funds supported Bungie's strategic shift to self-publishing after parting ways with Activision Blizzard, including buying back publishing rights to Destiny. This investment enabled Bungie to pursue new directions, such as developing non-Destiny games and exploring mobile projects with NetEase's expertise. The NetEase deal followed Bungie's 2007 spin-off from Microsoft, positioning it for independent growth focused on live-service titles like Destiny 2. Bungie announced a 'bold new vision' with NetEase, allowing separate teams to work on ambitious projects while maintaining its core franchises. NetEase's involvement exited in 2022 when Sony Interactive Entertainment acquired Bungie for $3.6 billion, allowing NetEase to fully divest. Bungie continued as an independent subsidiary under Sony, emphasizing multi-platform expansion and live-service games. The 2018 investment highlighted NetEase's strategy in Western studios, similar to later stakes in others like Quantic Dream.

Who has invested in Bungie?

1 investor has backed Bungie across its funding rounds, including NetEase.

Lead investors include NetEase.


Bungie Investors

Investors in Bungie by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Bungie Competitors

Bungie competitors include listed companies like Oriental Pearl Group and Alpha, and private ones like Improbable, Moon Active, Spotter and 1047 Games.

Public and private companies comparable to Bungie
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Oriental Pearl GroupChinaChinaPublicly listed$1.1B$296M$4.2B3.2x
ImprobableUnited KingdomLondonPrivate$104M-$3B29.1x
Moon ActiveIsraelTel AvivPrivate$1.5B-$5B3.3x
SpotterUnited StatesLos Angeles, CAPrivate--$2B-
AlphaChinaChinaPublicly listed$369M$28M$1.9B-
1047 GamesUnited StatesUnited StatesPrivate--$1.5B-

Bungie Public Comps

Bungie is no longer listed, but its public comps include China Film Group, Koei Tecmo, ITV plc, FUJI Media Holdings, Lionsgate Studios, Canal+, Banijay Group, MSI, Toei Animation and Kingsoft.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
China Film Group$721M$70M3.3x3.2x33.9x23.7x
Koei Tecmo$568M$300M5.3x5.4x10.0x12.5x
ITV plc$4.7B$596M0.9x0.9x7.3x5.7x
FUJI Media Holdings$3.5B$386M2.0x1.9x18.5x32.5x
Lionsgate Studios$2.6B$1.1B2.7x2.4x6.3x22.8x
Canal+$8B$749M0.8x0.7x8.7x5.8x
Banijay Group$5.6B$954M2.0x1.7x11.7x8.9x
MSI$7.2B$252M0.5x0.5x13.7x9.1x

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Common questions about Bungie

When was Bungie founded?Bungie was founded in 1991.
Where is Bungie headquartered?Bungie is headquartered in Seattle, WA, United States.
Is Bungie publicly listed?No, Bungie was acquired by Sony Interactive Entertainment in January 2022.
Who acquired Bungie?Bungie was acquired by Sony Interactive Entertainment in January 2022.
How much was Bungie acquired for?Bungie was acquired for $3.6B in January 2022.
How much funding has Bungie raised?Bungie has raised $100M across 1 funding round.
What was Bungie's last funding round?Bungie's last funding round was a $100M strategic investment round in June 2018, led by NetEase.
Who are Bungie's investors?Bungie's investors include NetEase.
Which companies are comparable to Bungie?Companies comparable to Bungie include Oriental Pearl Group, Improbable, Moon Active, Spotter, Alpha and 1047 Games.

See companies similar to Bungie

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