Microsoft Corporation acquired Bungie Software Products Corp., a transaction announced in June 2000, structured as Included Microsoft's purchase of Take-Two Interactive's 19.9% equity stake in Bungie.
Bungie Software Products Corp. operates in Microsoft Game Division (PC and Xbox), is based in Chicago, Illinois, United States. Bungie was a Chicago-based independent developer of action-oriented computer and video games, creator of the Marathon and Myth franchises and the then-upcoming Halo. Microsoft acquired the studio to bolster its games portfolio for PC and the forthcoming Xbox, securing exclusive publishing rights to select titles including Halo, and set Bungie up as an independent studio inside its Game Division.
Grow Microsoft's games business with a strong portfolio of quality titles for PC and Xbox and secure exclusive rights to Halo.
This acquisition reflects our commitment to growing our business with a strong portfolio of quality games for the PC and Xbox platforms.Ed Fries, Vice President of Games Publishing, Microsoft
Advisory firms were not disclosed for this transaction.