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JRPGfan said:

Does Nintendo own PlatinumGames?
Does Nintendo own the IP Bayonetta?

If no, serious question.... but why cant it come to the PS4?
If yes, then okay understandable.

Wasnt the first game on Xb360, PS3? as well.

From what I gather Nintendo leases the rights to the IP from Sega and Sega gets a part of the royalties. Nintendo publishes the game and Platinum has its employees paid while they develop it. So no exclusivity = no game, because Sega doesnt want to publish it.