Sony has confirmed in a recent earnings report that it plans to use one-third of the $3.6 billion dollars on retention of current employees.
that it plans to use one-third of the $3.6 billion dollars on retention of current employees.
These reports come from an FY Q3 2021 report from Sony itself, outlining the Bungie acquisition in more financial detail.As Bungie is a private company, many of the shares are owned by existing employees, which Sony hopes to incentivize their retention over the long-term, paying “amounts over a period of several years.” The company plans to pay out two-thirds of the $1.2 billion within the first two years of the closing of the deal.
The earnings report also confirms that Bungie will remain an independent publisher, despite being a part of SIE. This is also credited to the success of God of War receiving critical and financial success on PC when it released a few weeks ago. Sony hopes to acquire new users and increase engagement on platforms other than PlayStation.
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