Sony is reportedly buying Bungie for $3.6 billion within the newest transfer of what has been a string of blockbuster purchases throughout the gaming trade.

Bungie is greatest recognized for creating Halo—the mega-popular franchise that put Sony’s rival, Xbox, on the map—in addition to the first-person shooter franchise Destiny. The studio is at the moment engaged on increasing Destiny 2, its newest launch whereas engaged on a brand new, unnamed IP set to launch in 2025.

“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,” stated Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation.

“As part of our Purpose to ‘fill the world with emotion, through the power of creativity and technology’, we will utilize the Sony Group’s diverse array of entertainment and technology assets to support further evolution of Bungie and its ability to create iconic worlds across multiple platforms and media.”

The information comes two weeks after Microsoft introduced the acquisition of Activision Blizzard for $69 billion—a deal that Sony followers feared would give Xbox an edge over the PlayStation. Acquiring Activision Blizzard offers Microsoft the rights to a few of the common franchises, together with Overwatch, Call of Duty, and Starcraft.

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