Overview

• Bloomberg reported that Embracer and Take-Two discussed buying, funding, and publishing the canceled reboot from Microsoft.
• Microsoft retains the Perfect Dark franchise it acquired with Rare in 2002, which sources indicated was a key sticking point in negotiations.
• Crystal Dynamics conducted layoffs after the talks fell through and has now fully abandoned the project, according to the reporting.
• The cancellation followed Microsoft’s July cuts that also shut down The Initiative, the internal studio leading development.
• With no new publisher lined up, prospects for a revival appear remote without a shift in Microsoft’s position on franchise ownership.