Now hear me out on this. This isn't a hate post, nor a post insinuating that Bungie isn't good enough on their own. However, you can't deny that Bungie has grand, fantastic ideas, and grand and fantastic ideas require green. Not to mention, some of Bungie's best work was when they had the support of other companies like Activision.
From an outsider/gamer's perspective looking in, I think it would be pretty sweet to see Bungie get the ID Software/Obsidian/Mojang treatment, where you get the love and support of a tech conglomerate but they still let you keep your autonomy and let you create your visions with little to no influence.
Let's be real here, Activision sucks, and honestly what did you expect from a company that primarily peddles garbage like CoD and Blizzard games. Destiny as a game and studio would be a much better fit along side ID and Bethesda.
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While I like the idea in theory, two problems. Problem 1; Bungie has been desperate to be free from any other company and to fully own their IPs, something they likely won’t give up again unless absolutely necessary. Especially since they are investing in more manpower and a significantly larger workspace once we get out of the pandemic. Problem 2; Bungie has produced with Microsoft before, and it didn’t exactly end happily. Microsoft kept Halo, while forcing Bungie to make two more games in ODST and Reach before ending their partnership. Same goes for Halo 3 as well, Bungie wanted to end the series with Halo 2 (although that was also due to time crunch and hardware limitations). Partnering just for the sake of financial support and extra manpower sounds nice, but there is always strings attached and Bungie’s previous experience with Microsoft probably left a bad taste in their mouth.