Asha Sharma Says 'Xbox Is Not For Sale' Amid Concerns Microsoft's Gaming Business Is Being Streamlined For A Spin-Off
Microsoft CEO Asha Sharma has publicly denied rumors that the company intends to sell its Xbox gaming division. Despite ongoing restructuring and layoffs, the company maintains that it is committed to the long-term success of its gaming business.
Why it matters
The statement addresses market speculation regarding Microsoft's potential exit from the hardware and gaming industry.
Microsoft’s big Xbox reset looks a lot like what a company might do if it wanted to exit the gaming business or spin off the division into a standalone entity. Amid concerns that mass layoffs and restructuring are a prelude to shopping Xbox around, CEO Asha Sharma remains adamant that’s not the plan.
“Xbox is not for sale,” Sharma told The New York Times in a new profile . “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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