FASA, WizKids and 42 Entertainment founder Jordan Weisman has announced, via the website of his newest venture-backed startup Smith & Tinker, that he has licensed the 'electronic entertainment' rights to his MechWarrior, Shadowrun and Crimson Skies properties back from Microsoft.

The recently founded Smith & Tinker, named after two minor characters from the Land Of Oz books, describe themselves as "...a venture-backed company that builds intellectual property across a wide spectrum of interactive products, weaving games, toys and publishing into immersive transmedia experiences."

It is unclear as of yet what form Weisman's plans for these franchises might take. But given the transmedia nature of his recent ventures, and job advertisements asking for experts with Web 2.0 and online game expertise, online world/MMO elements to the company's projects seem likely.