Terrible, if true.
Banjo is an IP that has a huge reach and fantastic reputation.
They're probably looking at his from a genre / financial performance standpoint and decided platforms don't do the numbers.
With Rares legacy and fantastic library of games, strong IPs and the recent performance of Sea of Thieves on PSN, I think it's a no brainer for Xbox to bring over the Rare Collection and Killer Instinct to grow the player base of all the games.
KI in particular enriches the fighting game scene...
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