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I actually wouldn't mind seeing them (and the Tales IP) sold off to Square Enix... though I wonder how it might effect their relationship with tri-Ace?  Is there still bad blood there?  Enix was originally bidding with Namco for "Tale Phantasia" back in the early 1990s iirc.

If Namco just closes Tales Studio down, I imagine they'll just take key staff internal and continue making (fewer) Tales games, which also might not be a bad thing.