Sony takes over & shortly thereafter announces D3 in development as a PlayStation exclusive.
I can totally see this happening given the present state of D2 & the fact that Marathon is an extraction shooter.
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Most likely bungie gets shut down destiny 2 development gets stopped the destiny IP shelved for the foreseeable. No guarantee a D3 would succeed so makes sense to go for safer bets to recoup losses. Sony are a business and if the risk reward is bad Sony walk and on top of that buying bungie was already a bad move.