Xbox owns MechWarrior/BattleTech, but why haven't they done much with it?

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BattleTech and MechWarrior 5 are excellent games, licensed by Microsoft. But why hasn't Microsoft itself done much with the franchise?
Microsoft has a ton of great IP under its belt, especially since beefing up Xbox Game Studios. With Obsidian they have The Outer Worlds and Pillars of Eternity, with Rare they have Killer Instinct, Perfect Dark, and Banjo Kazooie, with inXile they have Wasteland, and that's without thinking about the Halos, Forzas, Minecrafts, and Gears of the world.
What about some of its long-lost IP, though?
As Microsoft looks to the future, they're building up a huge range of new games, with stuff like Grounded and Everwild, while also keeping stuff like Halo ticking over. There are rumors of a Fable reboot as well, to go along with Age of Empires and Microsoft Flight Simulator as revived classics.
Beyond that though, it's reasonable to think that Microsoft may be looking at other IP in its back catalog for the revive and reboot treatment, and here's one, in particular, I'd love to see brought back. But ... it's complicated.

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