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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Sony to Buy Videogame Developer Bungie in $3.6 Billion Deal

Bungie Sony Microsoft Activision Blizzard Bellevue Microsoft Corp Sony Interactive Entertainment Take-Two Washington D.C. Zynga
Sony's logo is displayed at an entrance to the company's headquarters in Tokyo. (AFP file photo)

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.

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