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Sony Group Corp is purchasing Bungie Inc, the US video game developer behind the popular Destiny and Halo franchises, for US$3.6 billion to bolster its stable of game-making studios. The deal announced on Monday by Sony Interactive Entertainment (SIE) is the third significant video-game acquisition this year, following Microsoft Corp’s purchase of Activision Blizzard Inc for US$69 billion two weeks ago and Take Two Interactive Corp snagging mobile game leader Zynga Inc on Jan. 10. Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call...

Sony is a regular acquirer of video game studios and Bungie is by far its largest of the past decade.

Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive "Call of Duty" series, which Sony’s main rival now owns through Activision.

This section and other parts of this Quarterly Report on Form 10-Q contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks...

/PRNewswire/ -- TSX Entertainment today welcomed Mark Schulze as its first Chief Strategy Officer. A Silicon Valley payment technology veteran, Schulze joins...