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Ninja Theory Splitting From Xbox Under New Ownership

Senua, a warrior wielding two swords, surrounded by a mystical landscape.
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By Alexandria LopezStaff Writer

Senua, a warrior wielding two swords, surrounded by a mystical landscape.
  • Primary Subject: Ninja Theory (Xbox Game Studios Divestment)
  • Key Update: Xbox has confirmed it is letting go of Ninja Theory to join new ownership, and funding is secured to complete and grow the Senua franchise.
  • Status: Confirmed
  • Last Verified: July 6, 2026
  • Quick Answer: Ninja Theory is leaving Xbox Game Studios for new ownership. Funding has been secured to finish Senua, and the game will likely hit multiple platforms.

It has been confirmed that Ninja Theory will be leaving Xbox Game Studios.

In recent days, rumors about Ninja Theory closing down just days after revealing Senua started circulating online. These claimed that the game was announced to the world in the hopes it would attract a buyer to save the studio. Well, those rumors have been verified, but it's not all bad news.

Here's everything we know about the situation.

Ninja Theory To Leave Xbox Game Studios

On July 6, Xbox CEO Asha Sharma took to social media to reveal a major restructuring in Xbox. This included mass layoffs throughout the 2027 fiscal year as well as several studios leaving the company.

A woman’s face is seen floating above a dark, swirling, golden liquid that resembles water. Her expression appears surprised or awestruck, and she has a decorative headpiece with a jewel on her forehead.
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Credit: Ninja Theory

One of these studios has been revealed to be Ninja Theory.

According to Sharma's statement, Ninja Theory will be joining new ownership, and funding has been secured to complete and grow Senua. This means that Ninja Theory will carry on in full operational capacity but will no longer be under the Xbox and Microsoft umbrella.

Though rumors concerning Ninja Theory's fate already prepared us for this announcement, it's still a major shock. Ninja Theory is a BAFTA award-winning studio that has released numerous top-tier games, such as Heavenly Sword (2007), Enslaved: Odyssey to the West (2010), and DmC: Devil May Cry (2013).

They were acquired by Microsoft in 2018 for $117 million after the success of 2017's Hellblade: Senua's Sacrifice, which sold over a million copies. They ended up releasing a sequel, Senua's Saga: Hellblade II, in 2024, which had an overall positive reception and was praised for its technical achievements.

Senua will still likely be released on Xbox, as well as PlayStation and PC. As of this writing, Ninja Theory has yet to release a statement on the matter.

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