PlayStation-maker Sony is escalating its competition with Xbox-maker Microsoft by buying the video game studio behind one of Xbox's hit games.
Sony Interactive Entertainment said Monday it would spend $3.6 billion to buy Bungie Inc., an independent game publisher based in Bellevue, Washington. Bungie makes the popular game franchise Destiny and was the original developer of Xbox-owned Halo.
Microsoft bought Bungie in 2000, but later spun off the game studio in 2007 while retaining intellectual property rights to the Halo franchise.
Sony is one of the world's biggest video game companies, but Microsoft has been ramping up its gaming ambitions, most recently by announcing plans to buy high-profile game publisher Activision Blizzard for $68.7 billion. Acquiring the owner of titles like Call of Duty and Candy Crush would immediately put Microsoft ahead of Nintendo as the third-biggest gaming company in global sales, behind Japan's Sony and Chinese tech giant Tencent.
Xbox's top executive, Phil Spencer, told news site Axios last year that "we've learned a lot" since letting go of Bungie. Spencer on Monday tweeted his congratulations to PlayStation for "adding a talented team" to its game studios.
Bungie started in Chicago in 1991 and made its early hits, such as Myth and Marathon, for personal computers. It now employs about 900 people and is based not far from Microsoft's headquarters in Redmond, Washington. Sony's video game division is centered in San Mateo, California.
Canada orders TikTok’s Canadian business to be dissolved but won’t block app
Canada announced Wednesday it won't block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it.
Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.'s establishment of TikTok Technology Canada Inc.
"The government is not blocking Canadians' access to the TikTok application or their ability to create content. The decision to use a social media application or platform is a personal choice," Champagne said.
Champagne said it is important for Canadians to adopt good cybersecurity practices, including protecting their personal information.
He said the dissolution order was made in accordance with the Investment Canada Act, which allows for the review of foreign investments that may harm Canada's national security. He said the decision was based on information and evidence collected over the course of the review and on the advice of Canada's security and intelligence community and other government partners.
A TikTok spokesperson said in a statement that the shutdown of its Canadian offices will mean the loss of hundreds of local jobs.
"We will challenge this order in court," the spokesperson said. "The TikTok platform will remain available for creators to find an audience, explore new interests and for businesses to thrive."
TikTok is wildly popular with young people, but its Chinese ownership has raised fears that Beijing could use it to collect data on Western users or push pro-China narratives and misinformation. TikTok is owned by ByteDance, a Chinese company that moved its headquarters to Singapore in 2020.
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