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EpicRandy said:

Their is actually a shortages of developers, in as been this way for over 20 years, that's why it's incredibly easy for an IT students to find a job right out of school. And the main reasons that students under a game dev program choose other career is not for the lack of options in gaming, it's because software development in generally have higher wage and way better working condition. (who does not like a better salary, better working hours and paid overtime with bonus) 

Not exactly, MS does not shy away from training new devs, they just are already maximizing this avenue since 2018 (with the exception of 2022 were they stopped all hiring company wide). In that timeframe many of their studios doubled and some tripled in size. Buying studios is not cost effective, it's pretty much the opposite but it's the only realist option to gain higher velocity toward achieving your goal with the benefits of limiting risk associated with your investment. Many view this $70B amount and think they should have just spend this amount on expanding organically, it's simply not possible especially since it's already covered by other investment. This $70B investment main goal is to solve their shortcomings short terms spending this amount over 15-20 years won't do it..

The wages for gaming development are smaller because there are too many developers interested in developing games and too few opportunities in gaming development. By no shortages of developers, I meant specifically gaming developers. Entry level game developers then proceed pursuing others software engineering careers where there is actual demand and they could get an actual job

If there was a shortage in gaming devs the wages would be much higher and the working conditions much better just as happened with other engineering jobs during the pandemic, I thought this was common sense. 

The rest of your comment is alright but do not counter my point: Microsoft is not buying studios because they can't hire devs to expand their own studios, they could very much expand them with much lesser investment and better pay off. What MS is actually acquiring is the studios intelectual property.