Sony expects to close the $3.6 billion Bungie deal at the end of 2022

Sony expects to close the $3.6 billion Bungie deal at the end of 2022
Published by 11 May, 2022 0 likes

Sony expects the acquisition of Bungie to be closed by the end of 2022. This is stated in the company's forecast for the current financial year.

"This forecast is based on the assumption that the acquisition of Bungie, which is currently under consideration by the relevant authority, will be closed in the third quarter ending 31 December 2022."

The review body mentioned in the report is the US Federal Trade Commission, which recently launched a review of the Sony and Bungie merger.

The audit is not expected to affect the transaction, but is an indication of the increased attention of the competition authority to technological mergers against the backdrop of multiple large

Microsoft's acquisition of Activision Blizzard is also currently under review by the FTC.

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