Sony Vastly Overpaid for Bungie, Claims Analyst

Last month, Sony stunned the video game industry when it announced its intention to purchase Bungie for $3.6 billion dollars. The move supposedly had nothing to do with Microsoft’s purchase of Activision Blizzard, but one analyst doesn’t quite buy that. Speaking with Yahoo Finance, Wedbush Securities’ managing director of equity research Michael Pachter said that the deal seemed to be made in desperation. Pachter compared the cost of the deal to other moves in the industry, claiming it was far too expensive for what Sony will get out of it