Microsoft fails to sell Ninja Theory as studio faces closure

Microsoft could not find a buyer for Ninja Theory after two deals fell through, putting the Hellblade studio on track for closure. It would be the first studio fully shut down in the company's 2026 Xbox cuts.

• Two separate deals to sell Ninja Theory fell through, Matt Booty said
• Studio would be first outright closure in Microsoft's 2026 cuts
• Senua's Summer Game Fest reveal was likely meant to attract buyers
• Ninja Theory has won multiple BAFTA awards