Remedy has gained full Control by buying the franchise rights from 505 Games
Briefly

Remedy announced in an investment letter that the company said that itself and 505 Games had come to a deal for all publishing, distribution and marketing rights to Control, the upcoming Control 2 and all future Control projects...
Having complete ownership over the Control franchise gives us the freedom to decide the best path forward. We will consider our options carefully...
Read at WGB
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