Update: Xbox has finalized its decision to close Hellblade and Senua developer Ninja Theory, according to a new report from The Verge. Details are scarce, but staffers were reportedly told about the closure today, and there is apparently still potential for the studio to find a new buyer.
Original story: Following word that South of Midnight developer Compulsion Games is facing closure at Xbox, a new report claims Microsoft is looking to shed even more studios. These studios are reportedly working to negotiate an exit that would let them continue operations independently rather than close their doors outright.