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Sony Reports $765 Million Impairment Loss Due to Underperformance of Marathon Developer Bungie

Sony has reported a $765 million impairment loss due to underperformance of Marathon developer Bungie during its last financial year.The PlayStation owner bought Bungie, the original creator of Halo, in early 2022 in a deal valued at $3.6 billion. However, the studio has struggled financially since then, with Destiny 2 failing to do the business and its new game, Marathon, having a hard time breaking out. As a result, Sony has admitted the acquisition has yet to pay off, resulting in these impai...

Read more at ign.com

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