Bungie’s value keeps on dropping in latest Sony financials (opens in new tab)

Destiny and Marathon developer Bungie is continuing to drop in value, as Sony has announced significant impairment losses for the company in this past quarter. In this most recent quarter, ending on 31st March, Sony has noted “impairment losses against Bungie, Inc.’s intangible and other assets” of 88.6 billion yen (around $565 million USD). This comes after a previous loss in Q2 to now total a drop of 120.1 billion yen (around $765 million USD) in the past year. This statement comes as Bungi...