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flashfire926 said:
I think this would be a win-win for both sides. Obsidian could use a much bigger budget to make more KOTOR 2/New Vegas type experiences, and Microsoft will get another weapon for their first-party arsenal.

Generally speaking, acquisitions happen when its win-win.  Otherwise, one party wouldn't agree to the deal.  

Your points are good ones though, and, if this deal goes down, you're probably identified the main reasons why.