Microsoft Corp (NASDAQ: MSFT) faced a significant leak of confidential information related to Xbox plans and discussions.
The leaked documents, originally intended for the Federal Trade Commission's (FTC) involvement in Microsoft's acquisition of Activision Blizzard Inc (NASDAQ: ATVI), were accidentally made public.
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These documents offered an unprecedented inside look at Xbox's operations from 2019 to 2022, including plans for mid-gen updates and next-gen consoles, the company's cloud gaming aspirations and even discussions about acquiring other gaming companies.
Initially, some Xbox fans speculated the FTC might be behind the leak, but the agency denied any involvement.
FTC Director of Office Affairs Douglas Farrar took to X to deny the allegations: "The FTC was not responsible for uploading Microsoft’s ...