For Sony only Pro’s, depending on price.
1.) It would create a group of Japanese developers for Sony to use. Which I think they now realize they need.
2.) It would create at minimum 3-4 more 1st party titles a generation. Likely more. Acquire could likely make 2 Octopath type games a gen, and maybe a smaller title as well. So it would allow Sony to try and recapture some of that JRPG magic.
3.) Elden Ring or whatever From Software creates next could become Sony’s BIG IP going forward. Likely bigger than Naughty Dog IP. Maybe Druckman would try something different if this comes to pass. Maybe they try their own Mass Effect or Skyrim as rumored before.
4.) If it goes well, and it seems it likely would. It would may bolster Sony’s ambition to acquire more studios and reshape its first party development teams.
5.) Gives Sony more IP’s to develop into other media properties as well as games.
CON’S:
1.) How much is Sony paying?
2.) Everyone else it further dilutes game development and creates a “EITHER / OR “ Scenario. For many families going forward likely picking only ONE CONSOLE to own. Due to economy/price/tariffs/ increased cost of goods/housing/food/healthcare, etc. One console ownership is likely for many if not MOST consumers on a global scale.
3.) Puts pressure on Nintendo / MS to acquire more. Especially Nintendo, even though it may only be smaller acquisitions for ports/remakes or additional resources for existing teams to continue to make a couple of games a gen.
4.) How will MS respond, if at all. Are their hands tied due to Xbox failures, or will they go “all in” on another whale? Especially if the “friendship” with Nintendo is growing, and if the rumor of many games coming to Switch 2 is true.
One thing seems for certain though. Square has elected to remain independent, and is not interested in a Sony acquisition.
It would be interesting to see if Sony would consider selling Bungie at a loss. Say, less than $1B.
Even though it appears Bungie is a mess, it still seems like a good idea for MS, Apple or even Nintendo to acquire them. If the price is cheap enough.