what would happen to nintendo i.p's if they go bankrupted

[Mr Khan]

Assuming the auction was tomorrow, hypothetically, it's more about who would get their studios and who would most benefit. Sony would likely push to buy Nintendo EAD, Bandai-Namco would pick Monolith Soft back up and get Game Freak (Bandai specifically taking over The Pokemon Company), Sega-Atlus takes Intelligent Systems, Microsoft gets Retro Studios, and Capcom buys HAL Labs.