Microsoft Confirms Xbox Not for Sale Amid Restructuring Efforts
Asha Sharma, CEO of Xbox, has confirmed that Microsoft is not planning to sell its gaming division. In an interview with The New York Times, Sharma stated that 'Xbox is not for sale' and that the company will take necessary steps to ensure its future success.
The speculation about a potential sale gained traction after reports in June suggested that Microsoft's CEO Satya Nadella and CFO Amy Hood had considered spinning out Xbox. However, it appears that the executives have since become supportive of Sharma's overhaul plans.
The restructuring of Microsoft's gaming business has led to significant job cuts and changes in how some franchises and development teams are organized. While this may look like signs of a company preparing to exit gaming, a sale is not imminent. Instead, Microsoft is focusing on creating a sustainable business model that can bring gaming to more people.