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Soundwave said:

They should go ahead and buy the IP. They bought the Fatal Frame IP I believe, why not Bayonetta. I think Sega washed their hands of Platinum Games years ago so I doubt they care. 


KT owns the IP, Nintendo owns all instalments of the game as they fund the development. Its a weird co-ownership... thing. Kind of similar to the nebulous ownership rules of Pokemon. There's a high chance that the same is now true of Bayonetta. SEGA may still own the IP (which isn't even clear anymore) but Nintendo owns the games under the IP, and greenlights any development or lack thereof.