Microsoft cuts Xbox 360 prices in Europe

SAN FRANCISCO (Reuters) - Microsoft Corp cut the prices of its Xbox 360 video game console in Europe on Monday, a move intended to spur sales in a key battleground in the fast-growing industry.

Microsoft cut prices on its three Xbox models by 80 euros, making the cheapest Arcade version 200 euros and the high-end Elite version 370 euros. Prices in the British market fell by 20 pounds to 50 pounds, the company said.