{"id":1572729,"date":"2022-02-03T06:31:23","date_gmt":"2022-02-03T11:31:23","guid":{"rendered":"http:\/\/www.playstationlifestyle.net\/?p=861225"},"modified":"2022-02-03T06:31:23","modified_gmt":"2022-02-03T11:31:23","slug":"analyst-thinks-sony-vastly-overpaid-for-bungie-in-desperation","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/analyst-thinks-sony-vastly-overpaid-for-bungie-in-desperation\/","title":{"rendered":"Analyst Thinks Sony \u2018Vastly Overpaid\u2019 for Bungie in Desperation"},"content":{"rendered":"\n
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Wedbush Securities analyst Michael Pachter thinks Sony \u201cvastly overpaid\u201d for Bungie in an attempt to prevent Microsoft from getting ahead in the competition. Speaking to Yahoo Finance, Pachter used Electronic Arts\u2019 acquisition of Respawn Entertainment to illustrate his point, stating that EA paid $700 million for a studio that generates $700 million per annum in revenue. In contrast, Sony paid $3.6 billion<\/a> for a developer with an annual earning of about $200 million.<\/p>\n

Was PlayStation Bungie deal overpriced?<\/h2>\n

Rumor has it that Microsoft made several attempts to reacquire Bungie over the years but felt that the company\u2019s asking price was too high. Bungie has denied these reports but they crop up every now and then, backed by known insiders. While we\u2019ll probably never know what the companies talked about behind the scenes, Sony has been very clear about why it acquired Bungie.<\/p>\n

Sony wants to use Bungie\u2019s 30 years of experience and technical expertise to build a live service portfolio<\/a> of its own. Destiny<\/a> and Bungie\u2019s future IP are only a small part of the reason Sony found value in pursuing the acquisition. Nevertheless, Pachter thinks the deal doesn\u2019t make sense. \u201cI think this was a statement that we\u2019re not going to let Microsoft get ahead of us, so we\u2019ll just buy something out of desperation,\u201d Pachter continued. \u201cIt\u2019s not really a deal that makes a whole lot of sense to me. The others do.\u201d<\/p>\n

Opinion: Bungie\u2019s revenue is the least of Sony\u2019s concerns<\/h2>\n

Zarmena writes\u2026<\/strong><\/em> Pachter is focusing solely on Bungie\u2019s revenue, but as previously mentioned, that\u2019s just one small piece of the puzzle here. Sony has been lacking in the multiplayer and live service department and by acquiring Bungie, the company will be able to build its own portfolio as opposed to relying on third-party titles. It\u2019s too early to say if Sony \u201cvastly overpaid,\u201d and Pachter is no stranger to being completely wrong.<\/p>\n

In other news, Rocksteady\u2019s Suicide Squad<\/a> has reportedly been delayed and Ghostwire Tokyo<\/a> will launch in March.<\/p>\n

[Source: Yahoo Finance<\/a> via Push Square<\/a>]<\/p>\n

Source: https:\/\/www.playstationlifestyle.net\/2022\/02\/03\/playstation-bungie-deal-overpriced-says-analyst\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":1572730,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[]},"genre":[148],"artist":[169],"mood":[],"activity":[],"station_tag":[12801,6373,5556,6833,5384,3628,3795,3632,5928,7706,3799,6120,5979,5601,10665,5513,5730,3636,12652,9851,3640,3714,5408,5566,3643,7237,3646,3648,5622,12847,3656,3829,7125,5225,3757,5227,5484,3670,3868,5546,3836,6138,6029,5744,3680,3681,5246,5443,12472,6143,3690,3732,5783,3697,5681,3703],"_links":{"self":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station\/1572729"}],"collection":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/media\/1572730"}],"wp:attachment":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/media?parent=1572729"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/genre?post=1572729"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/artist?post=1572729"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/mood?post=1572729"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/activity?post=1572729"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station_tag?post=1572729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}