Microsoft’s Xbox Game Studios chief, Matt Booty, was encouraging Xbox CFO Tim Stuart to spend big money on acquiring game content in 2019 to set the company up to battle Sony in subscriptions. “We (Microsoft) are in a very unique position to be able to go spend Sony out of business,” said Booty in a December 2019 email, referencing spending $2 billion or $3 billion in 2020 to avoid competitors getting ahead in content at a later date. Both the Sega and Bungie targets were part of a larger watchlist that Microsoft had put together to acquire key studios and mobile developers to bolster Xbox Game Pass