Astray
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Link is free to view.
www.bloomberg.com
Take-two almost took over the project but Microsoft refused to sell the IP for some reason.
Edit: Bloomberg was blocking Galaxy AI somehow, but I went on archive.is and got you all hooked up anyways:
Crystal Dynamics Lays Off Staff After Perfect Dark Funding Deal Fails
• Crystal Dynamics, a division of Embracer Group, was forced to lay off staff after a funding deal for the game Perfect Dark fell through.
• The deal involved Take-Two Interactive potentially purchasing the game from Microsoft's Xbox, which owns the rights, but negotiations failed due to disagreements over the long-term ownership of the Perfect Dark franchise.
• Perfect Dark, a reboot of the 2000 Nintendo 64 game, was initially developed by The Initiative studio, which was shut down by Xbox in July, leading to the search for a new publisher.
• Despite efforts to secure funding, including negotiations with Take-Two, the deal ultimately collapsed, resulting in layoffs at Crystal Dynamics, although the exact number of affected staff was not specified.

‘Perfect Dark’ Developer Lays Off Staff After Funding Deal Falls Through
Crystal Dynamics was close to moving the game to Take-Two, but negotiations fell apart

Take-two almost took over the project but Microsoft refused to sell the IP for some reason.
Edit: Bloomberg was blocking Galaxy AI somehow, but I went on archive.is and got you all hooked up anyways:
Crystal Dynamics Lays Off Staff After Perfect Dark Funding Deal Fails
• Crystal Dynamics, a division of Embracer Group, was forced to lay off staff after a funding deal for the game Perfect Dark fell through.
• The deal involved Take-Two Interactive potentially purchasing the game from Microsoft's Xbox, which owns the rights, but negotiations failed due to disagreements over the long-term ownership of the Perfect Dark franchise.
• Perfect Dark, a reboot of the 2000 Nintendo 64 game, was initially developed by The Initiative studio, which was shut down by Xbox in July, leading to the search for a new publisher.
• Despite efforts to secure funding, including negotiations with Take-Two, the deal ultimately collapsed, resulting in layoffs at Crystal Dynamics, although the exact number of affected staff was not specified.
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