Sony Buys Game-Developer Bungie For $3.6 Billion

Just two weeks after Microsoft surprised the world and bought videogame-maker Activision (sending Sony shares reeling), Bloomberg is reporting that Sony is purchasing Bungie – the U.S. video game developer behind the popular Destiny franchise.

Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision.

As Bloomberg reports, Sony is a regular acquirer of video game studios, though Bungie is by far its largest of the past decade.

Bellevue, Washington-based Bungie, founded in 1991, helped put the Xbox on the map with the Halo franchise and was purchased by Microsoft in 2000. In 2007, the studio negotiated its independence and spun out from Microsoft to work on its next big thing, Destiny, with Activision. That relationship ended in 2019 and Bungie began self-publishing and operating Destiny independently.

Sony shares are halted for now (News Pending)…

Notably, videogame-maker EA is sliding now that it appears to be the bridesmaid, not the bride (erasing all the post-Activision gains)…

Developing…