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June 19, 2000 Link to this post
Microsoft buys Bungie to boost X-Box development
"Microsoft buys Bungie to bolster its development of games for personal computers and its planned X-Box video-game console" says Microsoft. Here's a quote from the press release:
"Bungie is going to move up to Redmond and create great games for the PC and X-Box and really help us shape X-Box as the games platform of the future,'' said Ed Fries, vice president of Microsoft's games division.
As part of the purchase, Microsoft acquired Take-Two Interactive Software Inc.'s 20 percent stake in Bungie. Take-Two, Bungie's current distributor, has acquired ownership of one of Bungie's two upcoming releases, a game called "Oni," as well as the rights to "Myth" games.
(Ding 06:58:12 UTC)
