Playstation developer Sony Interactive Entertainment will acquire video game developer Bungie for $3.6 billion.
More Details🧐 Bungie was previously acquired by Microsoft in 2000 & then split from the tech giant seven years later. The video game developer is famous for games like Destiny & Halo, the latter of which helped play an important role in the rise of Microsoft’s Xbox.
Why is this Important🤔 The move marks the third acquisition of a video game developer in under three weeks when Take-Two Interactive acquired Zynga, & Microsoft acquired Activision Blizzard.
The combined value of those three deals already surpasses total mergers & acquisitions (M&A) activity in 2021.
