Polygon says EA, Valve and PUBG have been discussed as acquisiton targets by Microsoft to shore up the first party issues.
EA would be insane. All sports, Star Wars, etc titles exclusive to Xbox.
Valve I think makes some sense as a merger with the games business and a larger ecosystem play. Windows Store games could be branded as Steam and the services could meet somewhere in the middle (in addition to acquiring a lot of valueable IP).
PUBG, whatever. It's a big game, not my thing. Makes sense though.

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