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Phil Spencer is retiring as head of Xbox after 12 years leading Microsoft’s gaming division. He took over in 2014 following the troubled launch of the Xbox One and helped rebuild the brand by cutting the Kinect bundle, lowering the console price, and pivoting toward services like Xbox Game Pass. During his tenure, Microsoft made massive acquisitions, including ZeniMax Media for $7.5 billion and Activision Blizzard King for $69 billion. Spencer will step down on February 23 and remain in an advis
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