Microsoft seriously considered acquiring Sega and Bungie to

Other studios, including IO Interactive and Zynga, were also on Xbox's watchlist.

Microsoft Looked At Acquiring 250 + Game Companies, Including Sega, Bungie, CDPR, And More - Gameranx

Bungie Is Planning A New Franchise Besides Destiny - GAMINGbible

Microsoft Wanted To Out-Buy Sony With Bungie, IO, Sega, and Others - Insider Gaming

Microsoft eyeing up Konami and Sega acquisitions to possibly invigorate waning Xbox console sales in Japan - News

Sony Won't Let Microsoft's $69 Billion Activision Acquisition Go, Stresses It's Bad for Gaming

Bungie CEO Shoots Down Rumors of Microsoft Bungie Acquisition Talks

Xbox Seriously Considered Acquiring Sega, Bungie, IO, and Others to Fill Content Gaps - IGN

I keep it 99, because I be lying sometimes : r/TwoBestFriendsPlay

Everything we learned from the Microsoft vs FTC hearing

Spending Sony Out of Business.” 5 Bombshells From Microsoft's FTC Hearing

Xbox: Phil Spencer Wishes Microsoft Had Kept Bungie

The Future of Sega In the Wake of the Microsoft-Activision Deal

Microsoft exec was ready to 'go spend Sony out of business' to strengthen Xbox - The Verge

The Vintage Gamers

Microsoft explored buying Sega, Bungie, Niantic, and IO Interactive, wanted to spend Sony out of business