Microsoft CEO has no plans to sell the Xbox business
"I have no intent to do anything different with Xbox than we are doing today," Nadella told reporters at the Code Conference in California this week, The Verge reports.
Following the announcement in August 2013 that then-Microsoft leader Steve Ballmer was to retire upon the appointment of a successor, it was speculated that the company may look to spin off the Xbox business, one of its lower-margin divisions that doesn't drive sales of its core business services and software, in order to unlock shareholder value.
Data compiled by Bloomberg at the time suggested Xbox may be worth at least $17 billion (£10.1b).
Nadella was appointed Microsoft's new CEO in February. He joined the company in 1992 and previously managed the Cloud and Enterprise group, one of its fastest growing sectors.
Microsoft reported in late April that Xbox One shipments totalled five million units, while Sony said last month that PS4 sales stood at seven million units as of April 6. Both platforms launched in November 2013.
Posted:
Related Forum: Xbox Forum
Source: http://www.computerandvideogames.com/465066/microsoft-ceo-has-no-plans-to-sell-the-xbox-business/
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Comments
DivePosted:
It's nice they're not selling out, as whoever bought the xbox business would completely ruin it.
vWatsoncPosted:
Don't blame him I bet he has been offered billions and billions but nice to see he's not a sell out like alot of companies
ZipsPosted:
So they shouldn't, i would say its one of the biggest companies around, making so much money at the minute.
KixaPosted:
Dorkus Why on earth would he even think that? It's brought in so much revenue therefore they should never sell the business.
Same here, in a few years there going to big as twitter.
SIKSPosted:
Why on earth would he even think that? It's brought in so much revenue therefore they should never sell the business.
itomniPosted:
KatsumiZero_Point_Five_Jr I think it's good they didn't sell it, who knows what the other company could have changed :/
They could of also made it a lot better...
They never thought of selling xbox that was a rumor.
KatsumiPosted:
Zero_Point_Five_Jr I think it's good they didn't sell it, who knows what the other company could have changed :/
They could of also made it a lot better...
Zero_Point_Five_JrPosted:
I think it's good they didn't sell it, who knows what the other company could have changed :/
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