Microsoft Studios creates a new venture The Initiative and buys game studios Undead Labs, Playground Games, Ninja Theory, and Compulsion Games (Lucas Matney/TechCrunch)

Lucas Matney / TechCrunch:
Microsoft Studios creates a new venture The Initiative and buys game studios Undead Labs, Playground Games, Ninja Theory, and Compulsion Games  —  Microsoft kept the gaming announcements coming at its Xbox E3 press conference where it announced a series of four studio acquisitions meant …

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