Microsoft shares news: Tech giant’s new games, content studio purchases

Microsoft shares news: Tech giant’s new games, content studio purchases

Microsoft shares could open a little lower Monday after announcing a string of new, exclusive games releases for the Xbox one. During its E3 2018 spot, the US tech giant also unveiled five new gaming and content development studio, including a new one and the purchase of four existing facilities.

Microsoft shares ended the US Friday session at $101.63. However, the stock is currently poised to open a tad lower, Monday.

Microsoft’s E3 2018 announcements

Microsoft’s E3 2018 stage hosted the tech firm’s largest ever string of announcements at the annual gaming conference.

Not only did Microsoft showcase 52 games, including 18 console exclusives and 15 world premieres. The global tech business also announced the development of a new content studio, along with the purchase of four more.

“There has never been a more exciting time to be part of the gaming industry, with creators large and small showcasing incredible new games for the more than two billion players around the world,” said Phil Spencer, head of Gaming at Microsoft.

“At Microsoft, we are committed to empowering gamers to play the games they want, with the people they want, where they want,” he added.

New games titles announced Sunday included:

  • Forza Horizon 4.
  • Fallout 4.
  • Tom Clancy’s The Division.
  • The Elder Scrolls Online: Tamriel Unlimited.

Microsoft investing in original new gaming content

To help ensure the company continues to develop and share great new gaming content for its users, Microsoft also detailed exciting new content studios news.

The company has created a new content studio, called The Initiative, based in Santa Monica, California. But that’s not all. It has also purchased:

  • UK-based Playground Games.
  • Ninja Theory – a company Microsoft already works closely with.
  • Seattle-based Undead Labs.
  • Canada’s Compulsion Games.

“The original games we create at Microsoft Studios are some of our biggest assets,” said Matt Booty, corporate vice president of Microsoft Studios.

“Our growth strategy is to continue to expand the worlds that players love, while developing all-new exclusive games that deepen their engagement with our platform,” he added.

By Ilona Billington
Ilona is a freelance writer and editor with over 15 years experience reporting and writing about UK and European economics, real estate, financial markets and central banks.
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