Microsoft reportedly planned to divest or close Ninja Theory before the studio's showcase of 'Senua,' the third installment in the Hellblade series, at the Xbox Game Showcase 2026. This strategic presentation aimed to attract potential investors to help the studio operate independently amid internal restructuring under Xbox's leadership, affecting multiple studios. Ninja Theory was acquired by Microsoft in 2018, and if it gains independence, 'Senua' may launch on both Microsoft and Sony consoles