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- Bungie
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
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 31 Jan 2022 | Strategic M&A | $3.6B |
Bungie Funding History
Bungie has raised a total of $100M across 1 funding round.
Bungie funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2018 | Strategic investment | NetEase (lead) | $100M | Bungie, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Bungie investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialBungie Competitors
Bungie competitors include listed companies like Oriental Pearl Group and Alpha, and private ones like Improbable, Moon Active, Spotter and 1047 Games.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $296M | $4.2B | 3.2x | ||
| Private | $104M | - | $3B | 29.1x | ||
| Private | $1.5B | - | $5B | 3.3x | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $369M | $28M | $1.9B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $721M | $70M | 3.3x | 3.2x | 33.9x | 23.7x | |||
| $568M | $300M | 5.3x | 5.4x | 10.0x | 12.5x | |||
| $4.7B | $596M | 0.9x | 0.9x | 7.3x | 5.7x | |||
| $3.5B | $386M | 2.0x | 1.9x | 18.5x | 32.5x | |||
| $2.6B | $1.1B | 2.7x | 2.4x | 6.3x | 22.8x | |||
| $8B | $749M | 0.8x | 0.7x | 8.7x | 5.8x | |||
| $5.6B | $954M | 2.0x | 1.7x | 11.7x | 8.9x | |||
| $7.2B | $252M | 0.5x | 0.5x | 13.7x | 9.1x | |||
This data is available for Pro users. Sign up to see all Bungie competitors and their valuation data. Start Free Trial | ||||||||
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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