Xbox CEO Asha Sharma insists Xbox is not for sale

Xbox CEO Asha Sharma pushed back on speculation that Microsoft could spin off its games division, telling the New York Times that Xbox is not for sale and that the company will look at the right partnerships and operating model. According to the NYT, Xbox now accounts for around 6% of Microsoft's total profits. Sharma took over Xbox in February with no prior video game industry experience; under her, Xbox cut a fifth of its staff this summer, shut down or sold five studios, proposed closing Ninja Theory and cut a further 268 roles last week, while Game Pass subscribers peaked at 34 million before starting to drop. Sharma says Xbox retains 500 million monthly players and wants to expand into Africa, Latin America and South Asia via cloud gaming.