Microsoft was Looking to Buy Sega and Bungie?

From the FTC hearing on the Microsoft/Activision deal, we found out that Phil Spencer had a whole list of developers and publishers they were looking to acquire before the Activision deal was made, including Sega and Bungie.

Source:

The Verge - Microsoft considered acquiring Bungie and Sega to bolster Xbox Game Pass, internal emails show - by Tom Warren

https://www.theverge.com/2023/6/26/23774482/microsoft-sega-bungie-acquisition-targets-internal-email-xbox