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Microsoft refused to sell off Lionhead Studios to keep Fable IP

Kotaku UK today reports that multiple buyers were ready and willing to purchase Lionhead Studios — and the Fable IP — from Microsoft, but the publisher ultimately refused.

Turns out, Microsoft wasn’t willing to lose the Fable IP, causing most of the potential buyers to back down.

“90% of the people interested just walked away,” when they couldn’t get the Fable IP as a package deal, one of multiple sources told Kotaku.

The sources furthered that some buyers were offering Microsoft hundreds of millions of dollars for the acquisition.

Microsoft officially closed Lionhead Studios earlier in the monthFable Legends was cancelled back in March.


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Steve Wright

Steve's the owner and Editor-in-Chief of Stevivor.com, the country’s leading independent video games outlet. Steve arrived in Australia back in 2001 on what was meant to be a three-month working holiday before deciding to emigrate and, eventually, becoming a citizen.

Stevivor is a combination of ‘Steve’ and ‘Survivor’, which made more sense back in 2001 when Jeff Probst was up in Queensland. The site started as Steve’s travel blog before transitioning over into video games.

Aside from video games, Steve has interests in hockey and Star Trek, playing the former and helping to cover video games about the latter on TrekMovie.com. By day, Steve works as the communications manager of the peak body representing Victorians as they age.