Sony to buy video game maker Bungie for $3.6bn as takeovers continue

Sony has agreed to buy the video game maker Bungie for $3.6bn, the latest in a series of takeovers in the video game industry. Washington state-based Bungie developed hit first-person shooter video game Destiny and Halo, a series that has provided some of the biggest ever hits for rival Microsoft's Xbox system. Bungie was acquired by Microsoft in 2000 and split from Microsoft in 2007. Halo is now managed by Microsoft-owned 343 Industries. The sale comes after Microsoft's $69bn acquisition of Activision Blizzard, maker of Call of Duty, Diablo, and World of Warcraft and Take Two Interactive's $12.7bn purchase of FarmVille creator Zynga.