Microsoft acquires Lionhead Studios

Lionhead Studios, the people behind the Black and White series and Fable, has been confirmed to be acquired by Microsoft Game Studios. Lionhead will join the ranks under Microsoft acquisition such as Rare, Bungie, FASA, and Ensemble.
This acquisition will probably solidify the Fable series into the Xbox 360 lineup since the studio has only released under the Xbox console in the past. Lionhead will present what it has been working on in the past year at E3.
Via Pro-G