Incredible reasoning here: We bought up a bunch of studios but then found out that it was too hard.

I bought eight puppies but it turns out eight dogs is a lot so seven of them are going in the gravel pit

Phil Spencer and the Embracer guy comparing notes on how to fuck up as badly and as publicly as possible

oops!

Listen now, it’s expensive to buy up all your competition. Belts have to tighten somewhere.

This honestly feels a bit more like zenimax's fault more than Microsoft's fault.

This is just an admission of incompetence. If I told my boss something like this I'd get demoted

We oopsied kinda hard and didn't make any plans beyond the next fiscal quarter so um you're all fired lol 👉👈

See them make the exact same mistake in like 5 more years and closing twice the amount of studios....

Pretty textbook monopoly nonsense IMO. "We bought up so much of this market and we don't want to manage all of it. Whoops. Gotta shut it down. Efficiency, and all. Nothing that coulda been done. Anyway we're totally not collapsing this market, consumer welfare accomplished"

They spent something like 75 billion to buy up studios and keep wanting to pivot.