Sony Interactive Entertainment announced a deal had been made yesterday to acquire Bungie for a mind-numbing $3.6 billion shortly after Mircosoft brought Activision for $68.7 billion.

Once the deal closes Bungie will be an independent subsidiary of SIE to be run by a board of directors including current CEO and chairman Pete Parsons and the rest of the current management team.

Sony has said that Bungie will remain cross-platform and be able “to self-publish and reach players wherever they choose to play.”

The studio is currently working on the maintenance of Destiny 2 and expanding the franchise whilst working on a new IP.

SIE CEO and president said:

“We’ve had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn’t be more thrilled to officially welcome the studio to the PlayStation family,”

“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience. We understand how vital Bungie’s community is to the studio and look forward to supporting them as they remain independent and continue to grow. Like Bungie, our community is core to PlayStation’s DNA, and our shared passion for the gamer and building the best place to play will now evolve even further.”

“Both Bungie and SIE believe that game worlds are only the beginning of what our IP will become,” Parsons said. “Our original universes have immense potential and, with SIE’s support, we will propel Bungie into becoming a global multimedia entertainment company dedicated to delivering on our creative vision.”

This deal rounds up an insane start to the year for the gaming industry! We’re excited to see how things change.

In the meantime, check out the HYPD Stream Team on Facebook and HYPDLive on our Twitch channel streaming games daily.

While you’re here take a look through the rest of the latest gaming news!

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