The latest jaw-dropping deal in video games is Sony Interactive Entertainment's agreement to buy Bellevue, Wash.-based Bungie, maker of the Destiny series of online multiplayer first-person shooter games, originally known for developing Halo for Microsoft's Xbox.

Bungie was spun out of Microsoft in 2007 and has operated as an independent company in the meantime. It's expected to be an independent Sony Interactive Entertainment subsidiary and continue to operate under its current management. Bungie is promising to expand its 900-person employee base and move into new areas of entertainment as a result of the Sony deal.

Games writer Thomas Wilde joins us on this special episode to explain what the deal means for Sony, Bungie, Microsoft and the world of video games at large. 

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The announcement Monday morning came two weeks after Microsoft struck a $68.7 billion deal for Activision Blizzard, the Call of Duty and Candy Crush maker.