Investment Firm Reportedly Weighing $100 Billion Buyout of Microsoft’s Xbox Business

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The story

Reports have emerged that a private equity firm is considering acquiring Microsoft’s Xbox business in a deal worth around $100 billion (roughly ¥15 trillion). On 5ch’s “Hardware/Industry (Geha)” board, skeptical voices piled up questioning whether Xbox alone is really worth that much, sparking debate over whether the valuation includes subsidiary studios like Activision Blizzard and how the breakdown would work. Replies explaining LBOs — a debt-financed acquisition method — for how the buyout funds might be raised also gained traction, while opinions were split on whether Microsoft would actually be willing to let Xbox go.

What people said

1AnonymousOct 21, 2026 11:18
Private equity firm reportedly considering buying Microsoft's Xbox for over $100 billion
3AnonymousOct 21, 2026 11:19
It's not worth that much lol
Are they selling it to China or Samsung or something? Or the Middle East lol
4AnonymousOct 21, 2026 11:19
¥15 trillion, huh — everything except Activision Blizzard is basically worthless, so that figure checks out
7AnonymousOct 21, 2026 11:21
Sounds fake
It's not worth that much
Even with AB (Activision Blizzard) thrown in it'd be more like $20 billion
75AnonymousOct 21, 2026 12:12
Re: #7
Sounds about right, there's no way it's worth $100 billion anymore
8AnonymousOct 21, 2026 11:21
So $100 billion is just for Xbox alone, meaning the subsidiary game studios aren't included?
9AnonymousOct 21, 2026 11:22
So would that make Nintendo worth around $1 trillion, and the PlayStation business around $2 trillion?
19AnonymousOct 21, 2026 11:27
Re: #9
You can't expect that kind of price tag for a PlayStation business that's drowning in debt
10AnonymousOct 21, 2026 11:22
They're not selling it
You console-war trolls (gehakasu) only know the physical box, but the Xbox brand itself is deeply tied to Windows and can't be split off
86AnonymousOct 21, 2026 12:27
Re: #10
They're not tied together at all (´・ω・`)< It's in the way, cut it loose already
11AnonymousOct 21, 2026 11:22
Asha (5ch's nickname for an Xbox exec): "Seriously?! I'm going to go sell off this piece-of-junk box"
13AnonymousOct 21, 2026 11:23
Whenever news like this breaks, it's usually a sign that bad news for PlayStation is coming too
15AnonymousOct 21, 2026 11:25
Re: #1
Activision at $90 billion, Bethesda at $5 billion, and the rest maybe $5 billion or so?
16AnonymousOct 21, 2026 11:25
Feels like something's about to happen to some other company again, not MS or Nintendo
17AnonymousOct 21, 2026 11:26
I can't picture wealthy Microsoft actually selling it
23AnonymousOct 21, 2026 11:29
Yeah, they're probably not actually planning to sell
They're not short on cash, and if they pulled out of the gaming hardware business, getting back in would be nearly impossible
36AnonymousOct 21, 2026 11:37
Re: #23
No company is ever truly 'not short on cash'
They have to keep ROI up, and money is always finite

Investors are probably all thinking that ¥10 trillion spent on gaming should've gone into AI instead
24AnonymousOct 21, 2026 11:29
Re: #21
You're an idiot — how do you 'consider' buying something when you don't even have the money to buy it
47AnonymousOct 21, 2026 11:43
Re: #24
It's basically like saying 'If I wanted to buy the Xbox business it'd cost ¥15-23 trillion, so does anyone want to lend me the money?'
They haven't actually secured the ¥15 trillion for the buyout yet
28AnonymousOct 21, 2026 11:31
Re: #21
Didn't they just raise ¥9 trillion for the EA buyout recently?
39AnonymousOct 21, 2026 11:38
Re: #28
EA could use an LBO because it was publicly traded
They issue bonds secured against EA itself — bonds that pay out at high interest if the buyout succeeds, and become worthless paper if it fails
Investors betting that 'the buyout will succeed,' drawn in by the high interest, buy up those bonds, and that's how the acquisition funds get raised
Once the buyout goes through, they merge with EA, sell off its assets piece by piece to cover the bond repayments
Then they run the company going forward with just whatever promising, high-margin divisions are left
31AnonymousOct 21, 2026 11:32
Same story as Sony's VAIO
It only had any appeal because it was Microsoft's Xbox
Under any other company it'd matter even less
34AnonymousOct 21, 2026 11:34
Re: #31
VAIO's actually been doing great since it spun off from Sony though
32AnonymousOct 21, 2026 11:34
At ¥16 trillion, they'd probably want to sell off the PlayStation business too
40AnonymousOct 21, 2026 11:39
Re: #32
It's profitable, so the shareholders won't allow it
38AnonymousOct 21, 2026 11:38
They've got infinite money, don't they
44AnonymousOct 21, 2026 11:41
Re: #38
AI investment is so massive it's actually finite
59AnonymousOct 21, 2026 12:01
Re: #38
If they really had infinite money they'd have already won the AI race — as always
50AnonymousOct 21, 2026 11:46
According to the latest reports, Asha wants the Helix handheld to run a dedicated OS instead of Windows, which is apparently causing friction with the Windows division
Also, the Xbox division reportedly has layoffs planned for November and January

Between the leaner org and the pushback against going full-Windows, maybe that makes it easier to sell off?
52AnonymousOct 21, 2026 11:50
Re: #50
Just going by the description, a Windows-powered Helix handheld sounds like it'd have more demand than the Steam Deck
The MS Surface line is well made
55AnonymousOct 21, 2026 11:54
Come to think of it, I kept hearing rumors that keeping Minecraft multiplatform was a condition of that acquisition
If MS sells off Xbox, how would that work? Would they get any say over conditions imposed on the buyer?
58AnonymousOct 21, 2026 12:01
Re: #55
That Minecraft rumor is only ever repeated by gaming-board posters — there's no actual source for it anywhere
57AnonymousOct 21, 2026 12:00
An investment firm couldn't do anything with this even if they bought it
The brand isn't strong enough for them to jack up the price and flip it to someone else either
60AnonymousOct 21, 2026 12:02
Re: #57
It's not like the investment firm would actually run it themselves
68AnonymousOct 21, 2026 12:07
The Windows division wants to put Windows on the Helix, right? If that has promotional value the way Sony's exclusivity payoffs to Square Enix do (slang: "pure-eni"), are they really fine with the whole thing going off to another company?
78AnonymousOct 21, 2026 12:14
Re: #68
Well, friction between the games division and the Windows division is practically a tradition
That's how the Dreamcast ended up happening, after all
89AnonymousOct 21, 2026 12:31
This is basically just a PC at this point, not even a console anymore

Report: Xbox's next-gen console will reportedly launch in 2028 priced at $1,800 (about ¥260,000)
https://x.com/IGN/status/2112625314056606158
92AnonymousOct 21, 2026 12:34
Re: #89
That's only if they're not selling the hardware at a loss (gyaku-zaya)
Isn't it the Xbox division that's against putting Windows on it, since they'd rather collect the licensing royalties?

Background and Key Points of the Discussion

This report is still only at the stage of “a private equity firm is reportedly considering an acquisition” — it doesn’t mean a deal has been struck or even that negotiations are underway. As posters in the thread point out, when a PE fund takes on a buyout of this scale ($100 billion), it typically relies on an LBO (leveraged buyout) — borrowed money rather than cash on hand — and a recent real-world precedent is the roughly ¥9 trillion raised for the EA acquisition. Most commenters are skeptical that the Xbox brand alone is worth that much, and opinions diverge over whether the valuation includes subsidiary studios (such as Activision Blizzard). The thread also touches on internal friction — reportedly over a push to use a dedicated OS for the Helix handheld instead of Windows, clashing with the Windows division, plus layoffs planned for November and January — cited as background for why sale rumors have surfaced. Worth noting too: Microsoft isn’t short on cash; this is being framed more as a reallocation of resources toward AI investment.

*This article is compiled and summarized from the 5ch (Hardware/Industry [Geha]) thread “[Bad News] Investment Firm Considering Buying Xbox for $100 Billion lmaoooooo.”

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