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Xbox CEO Asha Sharma says 'Xbox is not for sale'

gamingSep 30, 202633157

Xbox CEO Asha Sharma told the New York Times "Xbox is not for sale," denying reports Microsoft might spin out or sell its gaming division. Her statement follows a June report in The Information that Microsoft was considering restructuring the gaming business as a wholly owned subsidiary, a structure some argued could make a sale easier. Sharma said the team will "look at the right partnerships, the right operating model and everything needed" to set the company up for success. Microsoft CEO Satya Nadella praised Sharma’s "streamlining" of Xbox and on a Sources Podcast said he feels "fantastic" about the studios and IP portfolio while urging invention of a sustainable business model. This year Microsoft enacted sweeping Xbox layoffs, initially affecting 1,600 jobs with another 1,600 planned by the end of the fiscal year, and the company says the second wave is about 75 percent complete. Sharma’s denial closes the immediate sale speculation but leaves open further restructurings and partnership talks as the business pursues a path back to growth.

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