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  Microsoft Acquires Video Game Powerhouse Rare Ltd.
Time: 16:24 EST/21:24 GMT | News Source: Microsoft Press Release | Posted By: Byron Hinson

Microsoft Corp. today announced it has purchased U.K.-based Rare Ltd., one of the world’s leading video game developers, further demonstrating Microsoft’s commitment to providing the most innovative interactive experiences available on its Xbox™ video game system. Rare has been the mastermind behind some of the most popular video games in history, including such global multimillion sellers as “GoldenEye 007,” “Perfect Dark,” “Banjo-Kazooie” and “Donkey Kong 64.” Under terms of the $375 million cash transaction, Rare will today begin creating exclusive console gaming blockbusters for Xbox.
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