Mergers and Acquisitions
Ongoing coverage on Mergers and Acquisitions.
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Opinion: Welcome to the house of pain, brought to you by Xbox
Xbox is facing significant layoffs and studio closures despite massive investments in mergers and acquisitions, including the $70 billion purchase of Activision Blizzard King. CEO Asha Sharma cited a failure to meet growth expectations for Game Pass and multi-platform strategies as reasons for the 'reset,' which has resulted in over 7,000 job cuts across the company since January 2024, with more planned.
IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox
IO Interactive will close its Istanbul studio following the withdrawal of Xbox's funding for its online fantasy RPG, Project Fantasy. The company cited the decision as necessary to maintain its independence as a AAA developer and publisher. IO Interactive has regained full ownership of Project Fantasy and plans to fund and develop it independently.
Doom creator John Romero praises the devs who carried on id Software's legacy as Microsoft reportedly lays off half of the studio: "The last few games showed real care, skill, and respect"
Doom co-creator John Romero has expressed his sympathy for id Software employees affected by recent layoffs, which reportedly cut the studio in half. Microsoft's Xbox division is undergoing a significant restructure, impacting ZeniMax Studios and its subsidiaries, including id Software, Bethesda Game Studios, and Arkane Studios. Despite reports of Bethesda focusing on its strongest franchises like Doom, Quake, and Wolfenstein, the extensive layoffs at id Software, particularly among coders working on the id Tech engine, raise concerns about the future of these series.
Xbox has lost five studios – so who is left to make new video games?
Xbox has undergone significant layoffs, impacting approximately 3,200 staff members and leading to five studios divesting from the company. Xbox leadership aims to refocus on core franchises and expand its daily audience to over a billion people through its services. The article details the remaining studios, their current projects, and their future prospects under this new strategy.
Evening Reading - July 6, 2026
The video game industry is facing significant challenges, with Microsoft confirming mass layoffs that will lead to Double Fine Productions and Compulsion Games becoming independent. Xbox has appointed Helen Chiang, head of Mojang Studios, as its first Chief Operating Officer. Additionally, Nintendo plans to discontinue original Switch consoles in Europe in 2027, while Microsoft is being sued in Wisconsin over data center practices.
Xbox Layoffs’ Effects on Blizzard Have Been “Comparatively Minimal” – Rumor
Blizzard Entertainment president Johanna Faries addressed staff regarding Xbox's recent layoffs, stating the impact on Blizzard has been comparatively minimal. While further details will be shared, the company plans to focus on its major franchises like Diablo, StarCraft, and Warcraft, with potential cross-media adaptations and BlizzCon 2026 still planned. Xbox CEO Asha Sharma indicated that the layoffs are part of a broader reset due to failed bets and overextension, with approximately 3,200 job cuts planned for the fiscal year.
The $69 Billion Hangover: Every Xbox Layoff Since The Activision Blizzard Merger
Microsoft's acquisition of Activision Blizzard for $68.7 billion has been followed by significant layoffs and studio closures within its Xbox division. These cuts, described by Xbox CEO Asha Sharma as a "reset" due to an unhealthy business, have impacted thousands of employees and led to the cancellation of several game projects across various studios since January 2024.
Xbox are parting ways with Double Fine, Arkane, Undead Labs, Compulsion, and Ninja Theory in the course of thousands of layoffs
Microsoft has announced significant layoffs affecting 3200 employees and is parting ways with five Xbox-owned studios: Double Fine, Arkane, Undead Labs, Compulsion Games, and Ninja Theory. Some studios will become independent or find new ownership, while Arkane's future is uncertain. CEO Asha Sharma cited rising costs, underperforming acquisitions, and a challenging industry landscape as reasons for the "reset."
Google loses protracted antitrust fight and will have to pay record-breaking €4.1 billion fine equivalent to less…
Google has lost its appeal at the Court of Justice of the European Union, confirming a record-breaking €4.1 billion fine. The fine was originally imposed in 2018 for forcing manufacturers to pre-load Google products on Android devices. This latest ruling upholds the penalty, bringing Google's total EU antitrust fines to €11 billion over the past decade.
Another giant US company is looking to expand into gaming claims report
NBCUniversal, the company behind Universal Pictures and the streaming service Peacock, is reportedly considering expanding into the video game business. This potential move comes as the company is preparing for a spin-off from Comcast. While no specific plans have been revealed, NBCUniversal is assessing various growth opportunities, with gaming being one of them.
Business and Finance
The United Kingdom is reportedly considering intervention in the potential takeover of Warner Bros. Discovery by Paramount Global. This development suggests significant regulatory scrutiny over the proposed business transaction.
Getty Images is canceling its $3.7 billion Shutterstock merger due to UK restrictions
Getty Images is terminating its $3.7 billion merger with Shutterstock due to restrictions imposed by UK regulators. The decision marks a significant development in the ongoing consolidation within the stock media industry.
Slitherine acquires Warhammer Blood Bowl licence from troubled French publisher Nacon
Slitherine Software has acquired the publishing rights and back catalogue for the Blood Bowl franchise from Nacon, which recently filed for insolvency. The game will continue to be developed by Cyanide Studio under a long-term development deal with Slitherine. This acquisition is part of Slitherine's wider expansion into strategy and tactics games.
Evening Reading - July 30, 2026
This article rounds up various gaming news items from July 30, 2026. Highlights include a live-action Persona adaptation for Netflix, a fall 2026 release window for Cyberpunk Edgerunners 2, and SECI Interactive warning of staffing decisions after Microsoft pulled out of publishing Project Fantasy. It also touches on esports events like EVO 2026 for 2XKO and mentions updates for games like Battlefield 6 and Turok: Origin.
Rumor: Microsoft’s next layoffs are poised to hit Blizzard, Bethsoft, and Undead Labs
Rumors suggest Microsoft is planning significant layoffs across several of its gaming studios, including Undead Labs, Blizzard Entertainment, and Bethesda Softworks. These cuts are reportedly the largest for Xbox and come as the company evaluates its recent Activision Blizzard acquisition. Unionized workers at Xbox are reportedly organizing to negotiate over potential job losses.
Report: NBCUniversal could expand into games after Comcast spinoff
NBCUniversal is reportedly considering entering the video game industry as part of a planned spinoff from its parent company, Comcast. This move aims to explore new growth opportunities in adjacent businesses. NBCUniversal has previously partnered with Nintendo for the successful Super Mario Bros. animated movie franchise.
State of Decay studio Undead Labs potentially up for closure, sources claim, with Bethesda and Blizzard also facing layoffs
Microsoft is reportedly planning significant layoffs across its gaming division, potentially including the closure of Undead Labs, the studio behind State of Decay. Bethesda and Blizzard Entertainment are also expected to face substantial job cuts as part of a company-wide "reset." Union workers are negotiating with management to protect jobs or secure severance packages amid these widespread reductions.
Business and Finance
NBCUniversal is reportedly considering entering the video game business following a potential split from Comcast. In separate news, Griffin Gaming Partners has acquired a strategic stake in the video game publisher tinyBuild.
It's not layoffs, but you can see them from here: Numerous Compulsion Games employees are looking for new jobs
Numerous employees at Microsoft-owned Compulsion Games are reportedly looking for new jobs, with some indicating they have been given permission to do so due to impending layoffs. While not officially confirmed as layoffs by studio leadership, the situation mirrors reports of potential closures and job cuts at other Xbox studios like Double Fine and Ninja Theory. These expected layoffs are anticipated to occur in early July, following the end of Microsoft's fiscal year.
Business and Finance
Denmu has announced a $50 million fund aimed at supporting game developers. Separately, reports indicate that the proposed merger between Paramount and Warner Bros. Discovery is nearing approval from EU antitrust regulators.