Sony Is Spending Over $1 Billion to Ensure Bungie Employees Don’t Leave

sony-is-spending-over-$1-billion-to-ensure-bungie-employees
don’t-leave

Well, okay then.

Whatever it is that Bungie is cooking in addition to Destiny 2 must be pretty goddamn special, because Sony is spending $1.2 billion on ensuring the developer’s staff don’t leave. The company explained during its earnings report that roughly a third of its $3.6 billion buyout fee will be used for “deferred payments to employee shareholders, conditional upon their continued employment, and other retention incentives”. In other words, the Japanese giant is coughing up serious cash to keep the team together.

The cost of the acquisition will be expensed over a period of several years, with “approximately two-thirds in the first two years after the closing date”.

Read the full article on pushsquare.com

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