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Sony to buy videogame developer Bungie in $3.6 billion deal

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(Reuters) – Sony Interactive Leisure will purchase videogame developer Bungie Inc in a deal valued at $3.6 billion, the businesses stated on Monday, making this the third deal this month in a quick consolidating gaming sector.

Bellevue, Washington-based Bungie, which labored on the Halo videogame collection, break up with Microsoft Corp and have become a privately held firm in 2007.

The deal follows Microsoft’s almost $70 billion acquisition of Activision Blizzard and Take-Two’s deal to purchase Zynga this month.

Bungie has labored on a quantity widespread gaming titles together with “Marathon”, “Delusion” and “Future.”

(Reporting by Nivedita Balu in Bengaluru)

Supply: KFGO