Microsoft Corporation acquired Rare for $375M, a transaction announced in September 2002, structured as All-cash acquisition ($375 million).
Rare operates in Microsoft Game Studios (Xbox), is based in United Kingdom (Warwickshire, England). Rare Ltd., based in Warwickshire, England, was a leading video-game developer behind hits such as GoldenEye 007, Perfect Dark, Banjo-Kazooie and Donkey Kong 64. Microsoft acquired it for $375 million in cash to broaden the Xbox portfolio with exclusive first-party titles.
Broaden Xbox's portfolio of exclusive console games and strengthen Microsoft's international gaming reach.
This partnership significantly broadens our already outstanding portfolio of games that will be available for Xbox.Robbie Bach, Chief Xbox Officer, Microsoft
Advisory firms were not disclosed for this transaction.