this post was submitted on 06 Dec 2023
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Bungie Devs Say Atmosphere Is ‘Soul-Crushing’ Amid Layoffs, Cuts, and Fear of Total Sony Takeover - IGN (www.ign.com)
submitted 11 months ago by Potatos_are_not_friends to c/games
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[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

If Bungie falls short of certain financial thresholds by too great an amount, Sony is allowed to dissolve the existing board and take full control of the company.

Also the article mentions the board being split 50/50 between Sony and Bungee, with 1 tie breaker. So I don’t think they’re trying to hand it over to Sony when they could’ve just done that at any stage without a convoluted scheme.