‘Xbox is not for sale’ says Microsoft’s gaming chief
Xbox CEO Asha Sharma has officially denied rumors that Microsoft intends to sell its gaming division. The company is currently undergoing a restructuring process, including layoffs and management changes, to improve the sustainability of the Xbox business model.
Why it matters
As a major player in the gaming industry, Microsoft's strategic direction for Xbox impacts the broader console and software market.
Xbox CEO Asha Sharma has denied reports that Microsoft is considering selling off its Xbox business. The Information reported in June that Microsoft CEO Satya Nadella and CFO Amy Hood had been considering spinning out Xbox entirely, and then reported earlier this month that both execs have “more recently supported Sharma’s plans to overhaul the unit.”
“Xbox is not for sale,” says Sharma in an interview with The New York Times. “We will do whatever it takes to set the company up for success, and we will look at the right partnerships, the right operating model and everything needed to achieve that.”
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