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Ok, well I would want them to aquire studios that would flesh out the weaker parts of their first party studios.

Microsoft- the weakest part about microsofts first party is their lack of any japanese development. I actually think Capcom would do the most good here. They have the game that makes japanese people froth at the mouth with monster hunter, as well as a ton of other ip's that can appeal to the world over.

Nintendo- Nintendo seems to struggle with some of the more mature genre's like fps. I think that ubisoft would be the best compiment to Nintendo. They would bring the mature tom clancy franchise to Nintendo, as well as other that would appeal to the established nintendo crowd like rayman or beyond good and evil.

Sony- sony is a hard one, not many weak points. I would probably say sega would bring the most to sony. Classic franchises like sonic (if actually done right) could shore up some of the family titles they are missing. Sega also has some awesome ip's in strategy games (shining force, valkyria), rpg (skies of arkadia), shooters (yakuza)? Etc. that could compliment sonys lineup...