Uh wow! Microsoft is throwing that money everywhere at E3 this year.
On stage Microsoft boss Phil Spencer announced that not only are they creating a new Santa Monica studio called "The Initiative," but they've also acquired Playground Games, Undead Labs, Compulsion Games, and Ninja Theory.
That's quite a lot of IPs that Microsoft just...owns now, and it's weird to think that they now have their hands in so many franchises, all in an instant.
via destructoid https://www.destructoid.com/microsoft-announces-new-studio-the-initiative-acquires-playground-games-compulsion-games-undead-labs-and-ninja-theory-507156.phtml