Microsoft is restructuring its Xbox studio operations, with Activision taking over several major franchises. According to The Verge, Halo, Sea of Thieves, and Age of Empires will move under Activision's management as part of a broad shake-up announced today.
The changes come months after Microsoft laid off 1,600 Xbox employees and sold off studios. The latest move continues a period of significant reorganization for Microsoft's gaming business.
Because this report comes from a single source, there are no conflicting accounts to compare. The Verge notes that the announcement is part of a massive restructuring, but details beyond the franchise moves are not included in the source.