Sony Acquires Bungie, Makers of Destiny, for $3.6 Billion

After Microsoft announced it has acquired Activision-Blizzard earlier this month (pending deal closure), Sony Interactive Entertainment revealed today plans to buy Bungie, the studio behind the Destiny franchise. Unlike Microsoft which paid $70 billion for the acquisition, Sony will “only” pay $3.6 billion for its new studio. According to a blog post on Sony’s website, President and CEO of SIE says that Bungie will remain “an independent and multi-platform studio and publisher.” “In Sony, we have found a partner who unconditionally supports us in all we are and who wants to accelerate our vision to create generation-spanning entertainment, all while preserving the creative independence that beats in Bungie’s heart. Like us, Sony believes that game worlds are only...