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Microsoft & Rare Confirmed

Microsoft Acquires Video Game Powerhouse Rare Ltd. is the press release that finally confirms long-standing rumors that the software giant has acquired the developer famed for its Nintendo titles, something that had basically already been confirmed by Nintendo (story). Here's a bit from the release that provides the staggering nine-figure price tag for the transaction, as well as confirmation of suspicions that Rare will now focus exclusively on Xbox content:

Microsoft Corp. today announced it has purchased U.K.-based Rare Ltd., one of the world’s leading video game developers, further demonstrating Microsoft’s commitment to providing the most innovative interactive experiences available on its Xbox™ video game system. Rare has been the mastermind behind some of the most popular video games in history, including such global multimillion sellers as “GoldenEye 007,” “Perfect Dark,” “Banjo-Kazooie” and “Donkey Kong 64.” Under terms of the $375 million cash transaction, Rare will today begin creating exclusive console gaming blockbusters for Xbox.

Meanwhile, Computer and Video Games has posted some details on Rare's upcoming Xbox projects.

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18. That's absurd Sep 24, 2002, 18:52 The Pyro
 
Whoa.

For $375 million they could have put together a hundred high-budget game studios... surely at least a few of them would produce hits. What's it cost to make a high-quality game nowdays? $2 million? $3 million tops? And I bet tons of great games were made for peanuts compared to even that.

$375 million just to buy one game company seems a little extreme, even if it is Rare.

 
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