Microsoft co-founder Supports Xbox being Sold Off
Speculation about the Xbox franchise being sold off has been further fueled this week by Microsoft co-founder Paul Allen, who apparently believes the “next chief executive should consider spinning off consumer businesses including search advertising and the Xbox games console.”
Paul Ghaffari, chief investment officer of Mr Allen’s family investment office Vulcan Capital, was speaking to the Financial Times when he stated that Mr Allen is “intrigued and interested” by forthcoming changes at Microsoft. He also added that the successor to Steve Balmer, who announced he would be stepping down earlier this year, “ought to perform radical surgery on Microsoft and concentrate on corporate customers.” One of the front-runners to become the CEO is former Nokia boss Stephen Elop, who earlier this week it was reported would consider shutting down or selling off Microsoft businesses, which would include Xbox and Bing.
Mr Ghaffari was speaking at the Financial Times Investment Management Summit in New York, where he revealed to the FT that the overwhelming majority of Microsoft’s earnings were generated by selling software and services to business customers.