Hellblade developer Ninja Theory and four others acquired by Microsoft

Microsoft adds five big gaming studios to its family, including Playground Games

Microsoft's E3 conference has brought not just game announcements, but also exciting industry news for players interested in the company's hold in the gaming world.

Forza Horizon developer Playground Games has also been bought up by Microsoft Studios, as has We Happy Few creator Compulsion Games.

As we previously reported, "The Initiative" is a new in-house studio headed by Darrell Gallagher - former head of Crystal Dynamics and senior vice president at Activision.

While they didn't announce any titles in the works from these studios, it's a big step forward for a company who are always playing catch-up with Sony in the exclusives department. Despite Microsoft remaining tight-lipped about what to expect during their briefing, a handful of Xbox One gamed have been confirmed for the expo, including Anthem, Assassin's Creed Odyssey, Battlefield V, Call of Duty: Black Ops 4, Fallout 76, Kingdom Hearts III, and more.

This means Microsoft also gets the benefit of not just the Forza Horizon series but the open-world action RPG that Playground announced they were working on late past year. Microsoft Studios already contains groups like Halo-maker 343 Industries and the team behind Minecraft, which Microsoft acquired in 2014 for $2.5 billion.

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