Watch CBS News

Amid Layoffs, Microsoft Acquires Game Company BigPark

This story was written by Tameka Kee.


*Microsoft* is firing (or losing) senior game execs, slashing through its in-game ad division, and has pulled the plug on multiple in-house development studios, but here's proof that the company is still bullish on video games, and online gaming, in particular: it just acquired online video-game firm BigPark.

Terms of the deal weren't disclosed, but BigPark has deep *Microsoft* roots. Its chairman (and former co-founder) is Don Mattrick, who heads up Microsoft's Xbox and Games for Windows businesses; the gaming company has also been working on a new Xbox 360 title for the past yearwhich Microsoft (NSDQ: MSFT) hinted that it will preview at this year's E3 conference. The Big Park team, including CEO and co-founder Hanno Lemke, will report to Phil Spencer, GM of Microsoft Game Studios. Release.


By Tameka Kee

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.