Here Is If You Can Buy Bungie Stock & Sony’s Latest Stock Price

In a surprising turn of events, Sony today reasserted its dominance in the gaming industry by announcing that it will be acquiring video game developer Bungie for $3.6 billion.

• MORE: Here Is Whether Microsoft Or Activision Own Bungie

If you have been following gaming news lately, you must have seen this coming from a long distance. There have been a number of rumors going on in the past few days, with names like EA, Ubisoft, and Take-Two being thrown up in the wild. However, Bungie’s acquisition was the least expected, and Sony did surprise all of us.

Here Is If You Can Buy Bungie Stock & Sony’s Latest Stock Price

Now like always, fans would be wondering what effect the announcement had on the stock market, and how the prices of the gaming giants were affected. Well, let’s start by addressing the elephant in the room, Bungie. Firstly, there is no way you can buy Bungie stock right now. The reason for that is that it is not a publicly listed company, and is a private company as of now.

This is in contrast to Activision, whose stock prices soared after the acquisition. But considering that Activision was a publicly listed company, one could easily buy Activision stock and many did get a lot of profits. Unfortunately, that is not possible with Bungie, so you will need to do figure out something else.

What you can instead do is buy Sony stock, which is available for buying since it’s a publicly listed company. After the announcement is Sony’s stock is up by 485 JPY, which roughly translates to almost 4 percentage gains. This is in contrast to Microsoft’ whose stocks were actually down by a few percentage points on the day of the announcement, which was quite surprising. Activision was however on a roll and was at almost 30% gains.

The post Here Is If You Can Buy Bungie Stock & Sony’s Latest Stock Price by Md Armughanuddin appeared first on DualShockers.