IMO they overpaid though. I mean not that Bungie is not good, but they only have 1 IP Destiny, compared to say buying Zenimax with a huge range of IPs plus many studios.
Microsoft paid just over 7 billion for Zenimax with a few studios and a big catalog.
A/B itself is another level though, 70 billion only Microsoft have that kind of cash to spend on gaming. Worth it or not, I think it is, due to AB drop in stock prices due to the scandals.
I think the price tag is not just Destiny IP but the prospect of whatever future IP bungie will be creating and also the networking and GAAS skillsets that Playstation has been lacking that bungie possessed.
Remember, as much as Playstation is good at Single player AAA games, their multiplayer games just came and went. Whether we like it or not, online GAAS is the big money maker and owning Bungie now makes Sony has a competent online game studio under their belt.
Zenimax deal is kinda different because even though they have many IPs..other than Elder Scrolls, Fallout and Id Software, most of their other stuffs are not really super duper successful in any form....like Prey, The Evil Within, Dishonored, etc were not really slam dunk IPs.
The Acti-Blizzard deal is big but i don't think MS will be enquiring any other big publishers after this for quite some time because although this deal will most probably pass through...if MS attempted to buy another super big one like EA....the current FTC will probably gonna be knocking on their door (also EA is not really a good deal for any platform holders since most of their money were made from sports games with licensing paid to the respective sports organization like FIFA, NFL, etc so buying out those contracts is even messier).
For Japanese publishers, MS may have a problem...some smaller might be okay for them but MS is probably not gonna get Square Enix as the some of the nationalistic and conservative members of the Japanese diets and regulators will block it. Imagine Japanese national icon RPG, Dragon Quest, owned by an American company? Japan is not gonna allow that. Sony seems more like a likely candidate to buy SE (or at least inject a sizable shares ownership, Sony was actually a minority shareholders of Square Soft in the early 2000s before the Square Enix merger). Same as Namco Bandai (too many Japanese anime tied to it). Capcom's president is still the same guy since the 90s and he's not into selling and monster hunter and resident evil revitalize capcom into super profitability so there's no reason for it to sell.
Konami too messy with their other businesses (spa, gyms).
So for Japanese publishers, only Sega seems reasonable for MS. Sega even got out of their arcade business recently so the organization is mostly software developement now.
https://www.cnbc.com/2019/05/27/jap...hip-of-firms-in-tech-and-telecom-sectors.html