Sony Interactive Entertainment has announced it will acquire Destiny developer Bungie for $3.6 Billion.

Bungie is best known as the OG creators of Halo but since becoming an independent studio have focused their efforts on Destiny, a live-service FPS RPG where players can explore the galaxy as Guardians of Light. The company is also working on a brand new IP.

“We’ve had a strong partnership with Bungie since the inception of the Destiny franchise, and I couldn’t be more thrilled to officially welcome the studio to the PlayStation family,” says Sony president CEO Jim Ryan.

Source: Playstation Blog