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Signalstar said:

I think they should be able to buy IP if they want and of course free to form new dev teams.

What do you think?

Not sure what difference this makes if the studio is closed down. The only difference is that you have 2 studios potentially closed down (if the one that could've been bought instead goes under).

There are studios that need to be bought out in order to continue their survival, either because their parent company has no use for them or because they just aren't getting enough projects to keep them afloat. 

At the end of the day, if a studio is struggling and the overall cost to keep them operational has overtaken the revenue they bring in, then obviously they are going to be at risk. I'm unsure how Nintendo structures their studios, and I'm sure there's something there they are doing right. 

Studios being closed is not great. People losing their jobs is even worst. But if being bought out is a lifeline for a studio and it's devs, then a few more years is better for them.