Sony Interactive Entertainment has announced it will acquire Destiny developer Bungie for $3.6 Billion.

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GamesIndustry.Biz reports that following the deal, Bungie will be run as “an independent subsidiary” of SIE, and will remain a multiplatform studio with the option to “self-publish and reach players where they choose to play.”

Bungie is best known as the creators of Halo but since becoming an independent studio have focused their efforts on Destiny, a live-service FPS RPG where players can explore the galaxy as Guardians of Light. Bungie is also working on a new game as well.


“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,” said Jim Ryan, President and CEO of Sony Interactive Entertainment, as part of the announcement. “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.”

This purchase comes weeks after competitor Microsoft bought Activision Blizzard for a whooping $68.7 billion dollars. It appears to be an arms race happening in the video game industry.