Unfortunate news from Nintendo as word has it that the console giant has shuttered subsidiary Project Sora. The studio's website no longer features any content save for a message announcing it had closed as of June 30th, with the page itself going offline by the end of this month.
Project Sora was officially founded in 2009 by both Nintendo president Satoru Iwata and former HAL Laboratory developer Masahiro Sakurai of Kirby and Super Smash Bros. fame following his departure from the first-party developer back in 2003. Often seen as Sakurai's studio, Project Sora would ultimately realize Kid Icarus: Uprising on the 3DS.
Given the recent developments, it'll be the only title tied to the studio now. It's worth noting that Sakurai's own independant stake in gaming, Sora Ltd., is completely unaffected by Project Sora's closure. Neither Sakurai himself nor Nintendo have thus far announced any changes to his involvement as game director for the upcoming Smash Bros. projects for the Wii U and 3DS. Namco Bandai becoming the new Smash Bros. developer is suddenly starting to make sense, however, now that Project Sora will be no more.