Sony Interactive Entertainment is all set to acquire Destiny and Halo studio Bungie in a deal worth $3.6 billion.
However, after completion of the deal, Bungie will be “an independent subsidiary,” of the PlayStation firm and remain a multiplatform studio, it’s claimed.
Currently, the studio is developing new content for Destiny 2, as well as working on new IP.
Earlier this month, Microsoft has revealed plans to buy video games giant Activision Blizzard for $68.7bn, which is the industry’s largest-ever deal.
“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience,” said Jim Ryan, president, and chief executive of Sony Interactive Entertainment (SIE).
“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.”
Sony did not provide a timeline for when it expects the deal to be finalized.