That gives me a feeling of déjà vu from about 15 years ago, though I can't put my finger on the name. Just remember that they bought studios left and right and then went bust couple years later because they burnt through all their money and the gamers didn't like the changes to the studios and game series.
Well, the known mid-range publishers that went completely or partially bust is not that large. THQ, Atari, Majesco, and Midway come to mind, but neither had a studio buying rush beforehand as far as I remember, but Majesco and THQ bought up plenty of licenses before going under, so that might be. I remember Majesco focusing and investing heavily at first into the PSP and the Advent series but neither worked out for them.