About This Deal

Microsoft Corporation acquired Rare for $375M, a transaction announced in September 2002, structured as All-cash acquisition ($375 million).

Rare operates in Microsoft Game Studios (Xbox), is based in United Kingdom (Warwickshire, England). Rare Ltd., based in Warwickshire, England, was a leading video-game developer behind hits such as GoldenEye 007, Perfect Dark, Banjo-Kazooie and Donkey Kong 64. Microsoft acquired it for $375 million in cash to broaden the Xbox portfolio with exclusive first-party titles.

Broaden Xbox's portfolio of exclusive console games and strengthen Microsoft's international gaming reach.

Deal Terms

Acquirer
Microsoft Corporation
Target
Rare
Value
$375M
Date
September 2002
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United Kingdom (Warwickshire, England)
Segment
Microsoft Game Studios (Xbox)
Structure
All-cash acquisition ($375 million)
Announced
September 24, 2002

In Their Words

This partnership significantly broadens our already outstanding portfolio of games that will be available for Xbox.Robbie Bach, Chief Xbox Officer, Microsoft

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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