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I don’t see them snagging anyone big. Per their recent remarks shared through various articles, they’re sticking to a big graphical showcase narrative game philosophy. So maybe Remedy, which makes good games, but isn’t a big name studio really. I would compare them to probably every company MS has acquired except Obsidian and Playground.

Maybe buy some smaller studios to focus on GaaS MP titles. Why waste money buying a Japanese studio when they get so much de facto standard Japanese content?