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“On Monday we announced changes to Microsoft Studios including Lionhead and Press Play,” a Microsoft representative told us via email. “As part of these changes, we did a site refresh and removed several logos for older studios and projects that have been consolidated during the past several years into other Microsoft Studios and teams. As games launch and new projects come online, we routinely make these kinds of moves to ensure we have the right development support on the right games.”

So I guess some of these studios merged with other studios?

http://www.gameinformer.com/b/news/archive/2016/03/08/a-microsoft-studios-website-cleanup-turned-into-unfounded-rumors-of-impending-layoffs.aspx