According to the video below they're hoping to purchase Silent Hills before E3 to announce it at this years show. The deal is apparently going to cost billions of dollars to buy. Silent Hills is also apparently 80% complete and would possibly receive a March 2016 release date.
P.t was also removed from the PSN to make way for the Xbox purchase.
The video does make some very good points which are highly plausible but until E3 we won't really know if any of this is at all true. I'm not holding my breath as this is a rumour but a great one at that.
We shall have to wait and see!
@GoReds42093 @Xbox Sorry, this isn't true. Not sure where the rumor started but I don't want to mislead anyone.
— Phil Spencer (@XboxP3) May 30, 2015