Sony Writes Off Another $565 Million Impairment Loss Against Bungie
Sony has recorded another $565 million impairment loss against Bungie, bringing the total write-off to $769 million in the last financial year. This significant loss, representing over 20% of the acquisition cost, impacts the perceived value of Bungie and its ongoing titles like Marathon. Despite this, Sony's gaming division reported a 12% increase in operating income.
- Entities
- Company: Sony
- Game: Destiny 2
- Company: Bungie
- Topic: Mergers and Acquisitions
- Topic: Financials
- Game: Marathon
This article was reported and published by gamespot.com. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.