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Ryuu96 said:

It just feels fucking cruel, evil.

If they divested I wouldn't even be this mad.

How much are they saving by closing instead of divesting?

Give them a fucking chance at least, if it doesn't work out then fine but at least they had that chance.

I suppose they did but it didn't work out.

Toys for Bob was successfully spinned off but that's only because someone was willing to take ownership and fund/obtain funds for the studios to remain in operation. 
Here I don't believe anyone's at Tango had the combination of capacity and willingness to do so unfortunately.