Sony Group Corp. is purchasing Bungie Inc. the video game developer behind the popular Destiny franchise, for reported $3.6 billion to bolster its stable of game-making studios.
The deal announced on Monday is the third significant video-game acquisition announced this month, following
- Microsoft’s purchase of Activision Blizzard for $69 billion two weeks ago, and
- Take Two Interactive Corp. acquiring mobile game leader Zynga Inc.
Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision.
Microsoft is committed to releasing at least the next three Call of Duty games on Sony’s PlayStation, according to Hollywood reporter
Eventually Microsoft could decide to take the series exclusively to its Xbox console and Windows computers, and Sony sees acquiring the ‘Destiny’ as its direct response, argues NYPost