While the closure of Team Ico was never formally announced by Sony, it was predicated on Ueda's departure from Sony in 2011, following by several other members of the Team Ico staff the following year. Most of these became part of genDESIGN, the studio that completed the development of The Last Guardian.
The closure of Team Ico, which was not officially communicated by Sony, occurred after Ueda's departure in 2011 and the subsequent departures of other key team members the next year. These individuals then formed genDESIGN to complete the development of The Last Guardian.