In a stunning reveal, Microsoft has thrown in the towel against superior competitor, Sony. Microsoft and Nintendo had been in talks for months about Microsoft buying out the failing Nintendo brand; however MS reversed their decision as Nintendo was pulling away from the idea.
The result is that MS has decided to cut their losses and sell their failing Xbox brand to Nintendo to recoup losses. The newly announced NX by Nintendo is actually the abbreviated name for their new system: the Nintendo Xbox.
More details on the soon upcoming Nintendo Direct! Perhaps two struggling companies can team up together and take Playstation down.