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Are we talking literally sold, or just new developers taking over and making it better? Big IP's aren't typically sold.

But you could look at what Retro did with Metroid, Treyarch with CoD, Ubi Shanghai with Pandora Tomorrow (IIRC they developed it), 343i with Halo 4, Rockstar with Max Payne, or 2k with Bioshock for recent examples of other developers taking over big franchises and either producing equal/superior or at the very worst, just "great" results.