Original report comes from the paywalled The Information, that they tried to sell to private equity for $100B-$150B, but that it was short lived and fell through. This backs what a lot of us have been thinking based on the moves Sharma has been making, that they track with a sell-off of the Xbox brand.
the issue was Sony was killing them on exclusives. god of war, spider-man, last of us, horizon, astrobot, Ghost of, etc etc