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If Nintendo could grab them for absolutely dirt cheap, I could see it, but we're taking like a bargain basement price.

There isn't much mass appeal left for Sega these days, yes a Sonic game done well could probably sell 3-4 million worldwide, but so can about 7-8 Nintendo franchises. Soccer Manager, Phantasy Star Online, and the Yakuza brands have some appeal yet I guess but most other Sega IP are basically dead and bringing them back would probably only yield a niche audience. 

The main appeal for Nintendo I think would be to have Sega's back catalog under lock and key.

Some day they'd be able to make a heckuva a legacy platform just off NES/SNES/Master System/Genesis/N64/Saturn/GCN/Dreamcast/Wii/arcade content. Not being able to play these games on iPhone/XBox/Android/Playstation (well legally anyway) might be worth it.