Sony Interactive Entertainment will acquire videogame developer Bungie Inc in a deal valued at $3.6 billion, the companies said on Monday, making this the third deal this month in a fast consolidating gaming sector.
Bellevue, Washington-based Bungie, which worked on the Halo videogame series, split with Microsoft Corp and became a privately held company in 2007.
The deal follows Microsoft's nearly $70 billion acquisition of Activision Blizzard and Take-Two's deal to buy Zynga this month.
Bungie has worked on a number popular gaming titles including "Marathon", "Myth" and "Destiny."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments