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Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the Halo videogame and developer of Destiny , in a deal valued at $3.6 billion, making it the latest in a wave of consolidations sweeping the gaming sector. Bungie will join Sonys PlayStation family, the US company said in a blog post , as the Japanese conglomerate strengthens its network of in-house gaming studios behind hits such as Spider-Man to take on cash-rich rivals. Microsoft, whose Xbox consoles have long lagged Sonys PlayStation in sales, pitched a whopping $69 billion for Call of Duty maker Activision Blizzard earlier in January. While this is one of Sonys biggest-ever acquisitions, the amount paid by Microsoft puts into context the heavy competition faced in this sector, said Piers Harding-Rolls, gaming analyst at Ampere Analysis. Bellevue, Washington-based Bungie, which was owned by Microsoft before going private in 2007, had worked on the Halo videogame series when it was under the software giant.

"We''ve learned a lot" since letting go of Bungie," a top executive at Xbox said last year.

Sony’s deal to acquire Destiny maker Bungie caps what’s been an absolutely massive month for gaming acquisitions. And it hasn’t just been Sony, Microsoft, and Take-Two that have opened their wallets as of late.

Sony Group Corp.'s videogame unit said Monday that it is buying videogame developer Bungie Inc., the studio that created the Halo and Destiny franchises, in a deal valued at $3.6 billion.

Sony Interactive Entertainment has announced it is purchasing Bungie for $3.6 Billion. That means the studio that created Halo and Destiny is coming under the PlayStation umbrella. Sonys announcement caps off an acquisition-heavy January that saw Take-Two buy Zynga for $13 billion and Microsoft announce plans to acquire Activision Blizzard for $68.7 billion. Bungie posted

Earlier this morning Destiny 2 studio Bungie dopped some big news in that it would now be a part of Sony Interactive Entertainment. Which led us to wonder, how likely is a Destiny TV show? Is Destiny even big enough to have a TV show based on its lore? Some fans would probably argue that […] Read More... The post With Sony Buying Bungie, Let''s Talk About A Destiny TV Show appeared first on Android Headlines .

The latest jaw-dropping deal in video games is Sony Interactive Entertainment's agreement to buy Bellevue, Wash.

Technology and media giant Sony announced Monday it has acquired pioneering video game developer Bungie in a $3.6 billion deal as a rapid consolidation in the industry continues.

With the launch of Gran Turismo 7 creeping upon us, Sony decided that now is a good time to hype up one of its longest-running console sellers

Sony is buying prominent video game developer Bungie for $3.6 billion a blockbuster deal that underscores the intense competition between the PlayStation maker and its chief rival, Microsoft.

Sony Interactive Entertainment President and CEO Jim Ryan said he wanted to be clear with the community that Bungie will remain an independent and

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Sony (SONY +4.5%) has definitive deals amounting to $3.6 billion to acquire indie game maker Bungie, a longtime partner that developed iconic hits including Halo and Destiny

Sony is buying Bungie, the developer of Destiny and the original creator of Halo. The acquisition arrives shortly after Microsofts announcement that it intends to acquire Activision Blizzard in a deal worth $68.7 billion.

PlayStation maker Sony announced a $3.6 billion agreement on Monday to buy US video game studio Bungie, creator of hits like "Halo" and "Destiny", as a gaming industry battle heats up with Microsoft.