Xbox business restructuring and strategic reset
The developments in this story so far, most recent first.
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· date approximate Development
Xbox CEO lays out priorities in memo after major ‘reset’
No separate article for this desk or language yet.
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· date approximate Background
Asha Sharma replaced Phil Spencer as Xbox CEO.
In February, Asha Sharma replaced Phil Spencer as the CEO of Xbox. This leadership change came as the company underwent a reset that included laying off thousands of employees and divesting four development studios.
Under Sharma's leadership, Xbox has initiated a shift from a decentralized studio system toward a strategy focused on its largest franchises and major new ideas. This plan includes expanding franchises into film, television, and consumer products, as well as seeking new global partnerships.
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· date approximate Background
Microsoft acquired Activision Blizzard for $75.4 billion.
In 2023, Microsoft completed the acquisition of Activision Blizzard for $75.4 billion.
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· date approximate Background
Minecraft surpassed Tetris as the world's best-selling game.
In 2019, Minecraft surpassed Tetris to become the best-selling game in the world.
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· date approximate Background
Microsoft acquired Mojang for $2.5 billion.
Microsoft acquired Mojang for $2.5 billion in 2014.