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Sony buying Halo-creator video game  Bungie 

Sony Interactive Entertainment has fired back after Microsoft’s purchase of Activision-Blizzard, announcing plans to buy Bungie, the video game development studio that created the Halo franchise.

The deal, valued at $3.6 billion, is the latest in an increasingly high-stakes wave of consolation in the video game industry, where big companies are looking to acquire major developers and secure content that can be exclusive to their consoles and services.

Sony did not confirm whether future Bungie games would be exclusive to its systems.

The Sony acquisition comes just under two weeks after Microsoft announced its $69 billion acquisition of Activision-Blizzard and three weeks after Take-Two Interactive Software said it would acquire Zynga for $12.7 billion.

“Bungie has created two of gaming’s most iconic franchises, Halo and Destiny, and has deep expertise in bringing incredible immersive experiences at great scale to the community through games that evolve and develop over time, and has a hugely impressive roadmap for future content,” said Jim Ryan, CEO of Sony Interactive Entertainment in a statement. “It’s that expertise coupled with the highly engaged PlayStation community that makes this partnership such an incredibly exciting addition.”

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