Overview

• Bloomberg reports Embracer and Take-Two nearly agreed to buy, fund, and publish the reboot after Xbox canceled it in July as part of roughly 9,000 layoffs.
• Sources say negotiations fell apart over long-term ownership of Perfect Dark, which remains with Microsoft.
• Leaders at The Initiative and Crystal Dynamics spent about two months courting multiple potential backers to keep development going.
• After the deal collapsed, Crystal Dynamics carried out layoffs and has now abandoned the project, according to the reporting.
• Representatives for Microsoft, Embracer, and Take-Two declined to comment on the negotiations.