TECH - Microsoft Sells Toys for Bob Studio Eyeing Future Partnerships Amid Gaming Industry Overhaul | Benzinga
Microsoft Corp (NASDAQ:MSFT) is taking a significant step by divesting the Toys for Bob video-game studio two decades after its Activision subsidiary scooped the studio.
Toys for Bob, known for developing popular titles such as Skylanders and Crash Bandicoot N. Sane Trilogy, announced through a blog post by studio heads Paul Yan and Avery Lodato that it would be transitioning to operate as an independent studio.
They also expressed an interest in exploring a potential partnership with Microsoft, although the financial details of the divestiture remain undisclosed, Bloomberg reports.
The decision is portrayed as an opportunity for Toys for Bob to embrace its origins as a “small and nimble studio,” a sentiment echoed by ...