How will the recent blockbuster Microsoft and Sony deals shape the future of gaming? Watch the full video:
This $68.7 billion all-cash acquisition is expected to close in 2023. If approved by regulators and shareholders,"There's been a consolidation wave going on in the game space for the last several years," said Eric Handler, managing director and senior research analyst at MKM Partners. "You've had a lot of private equity money flow into the industry. It's highly fragmented. It's just natural to see consolidation.
. Bungie is currently the developer of the Destiny series, a multiplayer online game that incorporates first-person shooter and role-playing mechanics. Bungie remains best known for creating the original Halo, a first-person shooter that launched with the first Xbox console in 2001. Representatives for both Sony and Microsoft declined to comment for this story.
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