Several investment firms have explored the possibility of acquiring Microsoft's gaming division for $100–150 billion, although official negotiations have not yet begun.
According to The Information, the potential buyers have not disclosed their names, and the exact composition of the deal is unknown. Today, Xbox includes not only consoles but also Call of Duty, Minecraft, Diablo, The Elder Scrolls, a network of studios, and the Game Pass subscription.
Earlier, Fortune reported that some current and former Microsoft employees considered the sale of the gaming division, its spin-off into a separate company, or attracting external investors. The corporation denies this. In September, the head of the gaming business, Asha Sharma, stated that “Xbox is not for sale.”
However, financial performance is a concern: in fiscal year 2026, Xbox revenue, according to available data, was $21.79 billion, 7% less than the previous year. Hardware sales revenue fell by 29%.
Microsoft is undergoing restructuring and preparing a new generation of devices: a portable system for 2027 and Xbox Project Helix, expected in 2028. Failure of these projects and changes to Game Pass could increase pressure on the company.