Sony acquires 'Destiny' game studio Bungie in $3.6B deal

Bungie, the veteran game studio that created the "Destiny" and "Halo" franchises, is being acquired by Playstation producer Sony for in a deal worth $3.6 billion, in a deal that continues the consolidation of the games industry.

Announced on Monday, Sony Interactive Entertainment has agreed to purchase Bungie. The $3.6 billion deal, which includes the purchase price and employee incentives, will bring the "Destiny" studio under Sony's control.The Bellevue, WA-based Bungie will continue to operate as an independent studio after the deal's closure, and will still be able to self-publish titles. Despite Sony having its own PlayStation platform, Bungie won't be prevented from publishing onto others, such as Microsoft's Xbox.

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