I don't have any clue how or why Carbonated Games blew up (other than jokes about maybe they were a bit over-carbonated), but the only official game they released was Hexic and a few later versions of Hexic.
There was a sense that Carbonated was going to be the first party developer in charge of things like modern Solitaire and Minesweeper. For whatever reason that Carbonated blew up, when it blew up Microsoft let a second-party relationship (Arkadium) sweet talk them into that catbird seat. It's an incredible revenue stream for a privately held company and seems to be an incredibly favorable contract that lets them keep using Microsoft's brand.
Should it ever finally come to light, I imagine that the full story of how Carbonated blew up and Arkadium was waiting in the wings for that seems likely to be some binary of either a completely dull story of bad budgeting and worse contracts or an incredible story of international intrigue, bribes, backstabs, and betrayals. (We already know Alexey Pajitnov is a player early in the story, and his Edgerton-led tale is in recent amusement media, but also more recently Arkadium got into a lot of hot water because the majority of their development staff were in an office in Crimea. There's a lot of interesting questions to be had there.)
https://www.globalnerdy.com/2011/07/03/org-charts-of-the-big...
If I showed up for work in a top hat, gold watch and a lovely lavender evening gown under a piss soaked parka while wearing clown shoes, I would be asked politely but firmly to go home and come back in a presentable fashion for my job.
The MANGA companies do the organizational equivalent of this on the daily and rather than excusing them from the gala people line up to dance and hope that some of the leftover urine dribbles on them.
It's pure insanity that we as a society have no uniformly and completely recoiled in horror from them.