Sony Interactive Entertainment has agreed to acquire video game developer Bungie for $3.6 billion, adding to a flurry of video game consolidation this month.
Bungie is the developer behind the multiplayer shooter games Destiny and Halo, the latter of which it developed until 2010. The “Halo” franchise has been developed by Microsoft’’s 343 Industries since 2011. The latest game, Halo Infinite, launched on Xbox and Windows in 2021.
While smaller than both Take-Two’s $12.7 billion deal for Zynga and Microsoft’s $69 billion acquisition of Activision Blizzard this month, the PlayStation maker is acquiring a company that launched Microsoft’s Xbox as a buzzy gaming console with the popularity of Halo.
“Bungie has created and continues to evolve some of the world’s most beloved videogame franchises and, by aligning its values with people’s desire to share gameplay experiences, they bring together millions of people around the world,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation, in a statement.
Related: Microsoft Announces its Plans to Acquire Activision Blizzard
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