Microsoft Studios buys 'Fallout: New Vegas' house Obsidian

... and 'Wasteland 2' developer inXile Entertainment.

With the next generation of gaming consoles on the horizon, Microsoft Studios has been gobbling up high-profile developers, and it's continuing that trend today with the acquisition of Fallout: New Vegas studio Obsidian Entertainment and Wasteland 2 company inXile Entertainment.

Obsidian and inXile represent some of Microsoft Studios' most notable acquisitions yet, especially when taken together. Obsidian is responsible for Star Wars Knights of the Old Republic II: The Sith Lords, South Park: The Stick of Truth and the Pillars of Eternity series, while inXile is behind Fantastic Contraption, Torment: Tides of Numenera and the upcoming Wasteland 3, which raised more than $3 million via crowdfunding platform Fig in 2016.

There's rich history between Obsidian and inXile, as both studios are the product of a 2003 developer exodus from original Fallout house Interplay. They have an agreement to share tools and technology with each other, and Obsidian even helped inXile develop Wasteland 2.