Sony to acquire Bungie game studio — developer of Xbox-owned Halo — for $3.6 billion

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Sony to acquire Bungie game studio — developer of Xbox-owned Halo — for $3.6 billion
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'We've learned a lot' since letting go of Bungie,' a top executive at Xbox said last year.

for $68.7 billion. Acquiring the owner of titles like Call of Duty and Candy Crush would immediately put Microsoft ahead of Nintendo as the third-biggest gaming company in global sales, behind Japan's Sony and Chinese tech giant Tencent.

Xbox's top executive, Phil Spencer, told news site Axios last year that"we've learned a lot" since letting go of Bungie. Spencer on Monday tweeted his congratulations to PlayStation for"adding a talented team" to its game studios. Bungie started in Chicago in 1991 and made its early hits, such as Myth and Marathon, for personal computers. It now employs about 900 people and is based not far from Microsoft's headquarters in Redmond, Washington. Sony's video game division is centered in San Mateo, California.

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