Microsoft seriously considered acquiring Sega and Bungie to

Other studios, including IO Interactive and Zynga, were also on Xbox's watchlist.

Would Microsoft Have Benefitted From Acquiring Sega? Actually, Yes, by Robert Workman: Video Game/Movie/TV Psychobabble

Idle Sloth💙💛 on X: (FYI) In a Microsoft internal April 2021 merger review document, Sega was still listed as a key target. Very Interesting 🤔 / X

SEGA & Bungie Included In Huge List Of Companies Xbox Has Considered Acquiring

Microsoft considered purchasing Bungie and Sega

Microsoft Was Serious About Acquiring Sega, Bungie, And Other Gaming Studios For Xbox Game Pass Subscriptions - Gizbot News

The Future of Sega In the Wake of the Microsoft-Activision Deal

I keep it 99, because I be lying sometimes : r/TwoBestFriendsPlay

Sony Might Acquire SEGA, Capcom, Square Enix, and From Software. : r/MediaMergers

The Vintage Gamers

Microsoft Was Looking at Acquiring Sega, Bungie to Expand PC and Xbox Game Pass Offerings

Xbox Seriously Considered Acquiring Sega, Bungie, IO, and Others to Fill Content Gaps - IGN