Before you shout profanities, Bungie will remain an independent company with ownership of its intellectual property -- at least for now, anyway. In a statement on its official blog, the developer said "Our Constitution remains unchanged. We are still Bungie, still independent, and now we are free to bring our stories to an even bigger audience."
Founded in 1991, Bungie was picked up by Microsoft in 2000 and eventually split from the software giant in October 2007 to become a privately held independent company. Although it's a separate entity, Bungie still creates titles in the Halo franchise, which Microsoft now owns. The studio is currently juggling several projects, including Halo: Reach and a new IP.