Microsoft seriously considered acquiring Sega and Bungie to

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

Microsoft explored buying Sega, Bungie, Niantic, and IO Interactive, wanted to spend Sony out of business

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

Everything we learned from the Microsoft vs FTC hearing

Microsoft considered acquiring Bungie and Sega, internal emails show - The Verge

Chief Operating Officer Shuji Utsumi Denies Looming Rumours of Microsoft Acquiring SEGA Since 2000

Microsoft Explored Acquiring Bungie and Sega to Bolster Xbox Game Pass, Internal Emails Reveal - TechBiz

Microsoft Looked At Acquiring 250 + Game Companies, Including Sega, Bungie, CDPR, And More - Gameranx

Microsoft wanted to buy Sega, Bungie and Io before Activision Blizzard

Sony Say There's More Moves To Make After Buying Bungie

Microsoft considered acquiring Sega and Bungie to boost Xbox content

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

Analyst Claims Sony is 'Under Pressure' to React to Microsoft Acquiring Activision Blizzard

Microsoft considered buying Sega in 2020, and had other developers in mind as well to buy - Neowin