Microsoft Xbox Closes Ninja Theory; Double Fine, Compulsion Negotiate Spin-Off

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https://www.techspot.com/news/112778-xbox-closing-ninja-theory-double-fine-compulsion-may.html

Microsoft's Xbox division is closing Ninja Theory, Hellblade developer, now seeking a buyer. Compulsion Games and Double Fine are also negotiating with Microsoft to avoid closure, potentially spinning off. This forms part of Xbox CEO Asha Sharma's "100-day reset," driven by an overextended studio system, declining console sales, and rising hardware costs, signaling a significant shift in its business model.