Sony picks up video game company, Bungie, for $3.6 billion

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February 01, 2022, 5:29 AM GMT+0

Sony's purchase of Bungie will mark the third acquisition in the gaming industry in January.

The developer behind the ‘Destiny’ video game series, Bungie, will be acquired by Sony Interactive Entertainment for $3.6 billion, the firm revealed on Monday. Bungie’s games like Destiny 2 and others will be available on a wide range of platforms, and not just on Sony's PlayStation consoles.

Bungie will operate as an autonomous subsidiary of Sony Interactive Entertainment, according to Sony. It will be chaired by Pete Parsons, Bungie’s CEO, and the company’s current management team.

Earlier in January, Microsoft acquired Activision Blizzard for $68.7 billion, and Take-Two Interactive bought Zynga for $12.7 billion. Between 2000 and 2007, Bungie was owned by Microsoft.

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