M&A and Investment

All news and articles about the financial side of the games industry. Private funding, public placements, VC investments, and M&A deals.

Xbox has revealed significant layoffs as part of a broader restructuring initiative it had previously disclosed. A total of 3,200 employees, accounting for 20% of the Xbox workforce, are set to lose their jobs. Of those, 1,600 positions are being cut today, as detailed in an internal email from Xbox CEO Asha Sharma that was also shared on X
Hakan Abrak, CEO of IO Interactive, revealed that the studio's latest release, 007 First Light, is nearing the three-million mark in sales. Although it hasn't yet recuperated its budget, the financial target is significantly lower than the previously reported $200 million. Discussions are currently underway regarding future collaborations with Bond license owner Amazon beyond the game's initial year of content.