Bungie Studios, the development house behind one of the most successful franchises in video games, has found a new home—and Activision may be on the verge of having its third billion-dollar franchise.

Bungie and Activision Blizzard on Thursday announced a 10-year exclusive partnership that will bring the next franchise from the creators of “Halo” to the company behind “Call of Duty” and “World of Warcraft.”

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