Latest: The always helpful @hoeglaw has provided a really great dive into what we originally found, and where we went wrong with our assumptions.
Really recommend giving this a watch.
Update: Pete Parsons has again said that the acquisition rumours are false, in response to a tweet from Game Rant earlier today.
So while just a theory, it seems pretty clear that Bungie aren’t getting acquired any time soon.
I know, it wasn’t actually that long ago, but to be fair – a lot has happened since then.
Originally discussed on the GamesBeat podcast, Venturebeat’s Jeff Grubb advised that he had heard Microsoft and Bungie had been in ‘discussions’ regarding acquisition.
This obviously exploded onto the internet, and was further corroborated by Eurogamers Tom Phillips, with Eurogamers own sources apparently confirming the rumours.
Well known Twitter user Nibel posted the rumour and actually got a response back from Pete Parsons (current CEO of Bungie), emphatically denying the rumour although without any further statement or detail provided.
And so the rumour faded away – more or less.
Following a discovery by an XboxEra community member and further investigation by our own Nick “Shpeshal Ed” Baker, it seems there is more to this than initially thought.
When a US based company gets acquired, it seems an officer role is added under the title “Corporation Service Company, agent”, as seen on opencorporates.com.
From what we can tell, they become an agent for service of process:
An agent for service of process is a trusted individual or third-party, registered in the same state where an entity is established, who is authorized to receive service of process on behalf of your corporation or LLC.https://www.cscglobal.com/service/cls/service-of-process/
Here’s Undead Labs with the same role.
What about Obsidian?
And inXile? DoubleFine?
Same story for when Insomniac Games got acquired by Sony:
Remember Zenimax? I think they’ve been in the news recently. Admittedly though, the dates don’t seem quite right, but it’s there nonetheless.
Okay, so what’s all this got to do with Bungie?
Now we’re no lawyers, but it strikes us as a bit of a coincidence.
All of these were filed under the category type ‘credit, KYC – this is defined as follows:
KYC – Events that enable the verification of the identity of a company and allow assessment of potential risks of illegal intentions for the business relationship. Company events within in this category might support a risk review of a counterparty.https://opencorporates.com/legal/glossary#event-category
Now we’re an independent site with few resources compared to the big media sites out there to get all of this fully investigated, so perhaps some smarter folks than us can tell us if we’re misinterpreting the data here, and we’re happy to admit we could be wrong.
What do you think? Is this a case of us not understanding standard procedure and there’s nothing here? Or do you think where there is smoke – there is fire?
Let us know in the comments below.