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Sega has dismissed speculation that it may be acquired by Xbox or any other company after speculation was triggered by the FTC vs Microsoft hearings.
Earlier this week, documents related to the case revealed Sega was one of more than 100 companies Microsoft considered acquiring before turning its attention to Activision Blizzard.
source https://www.gamesindustry.biz/sega-is-not-open-to-acquisitions-following-speculation-around-microsoft-bid