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Kyuu said:

Nintendo helping with Bayonetta 2 doesn't matter. The IP still belongs to Sega who had the freedom to make B3 a multiplatform game, but decided against it. The series is currently more recognizable than it has ever been, since in addition to Xbox and PS fans, it's now also well recognized among Nintendo gamers. Furthermore, the PC player base is becoming increasingly interested in highly regarded Japanese games. It's Sega's loss, really.

It's not really Sega's loss, because I assume that Nintendo are taking pretty much all of the risks and costs of the game.