So who currently owns the Shadowrun IP?

Jordan Weisman (which luckily doesn't seem to have any credits in the most recent Shadowrun game), the founder of FASA studios has decided to open up a new development house, and with him, he's bringing all his former IPs over from former FASA (Microsoft).

The new studio is named Smith & Tinker, which is a reference to two characters from the Land of Oz (Wizard of Oz world).

Smith and Tinker are fictional characters from the Land of Oz book series; they are only briefly mentioned and never actually appear in the books. They were an inventor and an artist who worked out of a shop they had in Ev. From there they created the clockwork man Tik-Tok and sold him to Evoldo. The also created the Giant with the Hammer and numerous other wondrous things often mentioned in fan fiction and Oz-based comics.

Smith, the artist of the duo, painted a picture of a river that was so real that he fell in and drowned.

Tinker, the inventor, made a ladder so tall that it reached to the moon. He climbed the ladder to the moon and once there pulled it up so no one could follow him.

-Wikipedia

Smith & Tinker
FASA Studios is no more
FASA Studios "You're dead to me"
Shadowrun is going to be released for Xbox 360