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Xbox CEO rules out sale report

Microsoft has formally denied reports that it is seeking to sell Xbox as the gaming business undergoes major restructuring. Xbox Chief Executive Asha Sharma said in an interview that Xbox is not on the market, and that the company will take steps needed to put the business on a successful track while reviewing partnerships and operating models. The reports spread after media said Microsoft had discussed a spinoff or a more independent structure, but no official sale plan has been announced.