Sony is buying the developer of Destiny and the original creator of Halo – Bungie for $3.6 billion. The acquisition arrives shortly after Microsoft’s announcement that it intends to acquire Activision Blizzard in a deal worth $68.7 billion.

Bungie will “continue to independently publish and creatively develop our games,” Bungie CEO Pete Parsons writes in a blog post. Bungie will continue to be a multiplatform and independent studio and publisher, and it will sit alongside the company’s PlayStation Studios developers, Jim Ryan, the president and CEO of Sony Interactive Entertainment, said in a post on the PlayStation Blog.

Jim Ryan said, “Bungie’s world-class expertise in multi-platform development and live game services will help us deliver on our vision of expanding PlayStation to hundreds of millions of gamers.” “We are excited to make plans to share skills and expertise, and to unlock the potential in having the brilliant minds at Bungie under the PlayStation roof.”