Bungie Acquired By Sony For $3.6 Billion

The video game industry continues to get shaken up with major deals. Sony is buying Halo creator and Destiny developer Bungie in a deal valued at $3.6 billion. GI.biz was first to report the deal, which will make Bungie become an “independent subsidiary” of Sony Interactive Entertainment. Sony officially confirmed the deal and the valuation in a press release, while more details have come to light, like how Destiny will still be published on multiple platforms going forward.

PlayStation boss Hermen Hulst said of the deal, “I’m absolutely thrilled to welcome Bungie to the PlayStation family!” Hulst added: “Bungie create community-driven games with outstanding technology that are enormous fun to play, and I know that everyone at PlayStation Studios will be excited about what we can share and learn together.”

Bungie will continue to release multiplatform games going forward, and the company will have the option to “self-publish and reach players wherever they choose to play,” GI.biz reported.