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Wow thats alot of cash. I hope to see them purchase at least one game studio since so far MS doesn't have exactly the largest first party. Valve or Ubisoft would be amazing purchases but I don't think either will happen. It'll probably be mostly smaller companies if anything. Something they can buy for cheap then pump some cash into to turn them into AAA developers.

Also does microsoft actually own Lionhead? I think they do but I'm not certain.