Will Microsoft sell Rare's IPs to Nintendo?
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Highly doubt they'll sell IPs, shutting down a studio is one thing but they'll hold a deathgrip around IP all the way to bankruptcy.
Just look at EA for example, they've closed down MANY studios but still maintain every one if those IP rights.
The only reason Microsoft would consider selling IPs is if they shutdown their gaming division.
Cortana is also no longer a factor in selling Halo back to Bungie considering they are discontinuing it, to bad it will make zero difference in regards to keeping the IP out of the grubby hands of woke jackasses and globalist conspirators just like with Epic and Gears of War.