I don't think the Bayonetta IP is for sale, and trying to take it out of Platinum's hands might ruin the relationship between them and Nintendo. Also, there's no need for it, Bayonetta is now deeply related to Nintendo. Making Bayo 3 on other systems instead of Nintendo's is the thing that would cause an uproar.

let's call it a 50% chance. Flip a coin, could go either way.

Very likely.

I will also point out that the odds of Bayonetta 3 happening is almost 100% though. Why? Because Platinum is now *the* go to company for any 1st party looking to flaunt their "cool gamer cred" but doesn't have a first party title ready in the time frame and/or the genre.  In fact, even 3rd parties are turning to them.  So yeah, Bayo 3 will happen.  Question is who will be the one to pick it up.

very good chance for two reasons:

the game was extremely highly review AND its a card to pull in more adult leaning gamers

you don't abandon one of the best reviewed franchises on your latest system just because the sales were not stellar. the PR and good word of mouth from a game like this is worth a lot more than than the game's funding cost them

and one of the few weaknesses Nintendo has is pulling in more mature gamers. I think if they are given the option they will definitely try and get Bayonetta 3 as an exclusive and fund it again

the real question is will Platinum want to do that or will they want to see if they  can break out with big success on multiplats. I think a lot of it depends on what sort of financial situation Platinum is in. If they're capable of creating the game on their and (potentially) getting great sales on other platforms then I'm not sure they'll want to essentially give the IP to Nintendo again

Platinum has been creating some pretty good stuff over the last few years though and has been heavily involved with Nintendo. I know they're working on Scalebound for Xbox-One but I think Nintendo would be wise to consider acquiring Platinum

Platinum is not really that large of a software developer, forget about considering acquiring Bayonetta, Nintendo should consider trying to acquire PLATINUM. especially with all fo the work they've been doing together recently

I'm aware of the work Platinum is doing with Microsoft (i.e. Scalebound) but after that of course

I'd say good. Just for the fact no one really will touch the franchise. Because it's a risk. Nintendo has a better chance in getting it to work. Especially, if they make another anime movie, for the second game. And include her exclusive Nintendo costumes in it. It will keep cementing Bayo as a Nintendo like property. Smash, at least will keep her active in peoples mind.

why would you consider it unlikely? there' s no way Nintendo lost money on the deal and the reality is that the word of mouth from Bayonetta 2 (great reviews and a mature game!) certainly aided the Wii U 

  as someone else mentioned, if they are bothering to continue the Fatal Frame series then Bayonetta 3 seems like a very very obvious decision 

from what I understand Linear 'on the rail' action games like Bayonetta are not (relatively speaking) that expensive to produce anyway. its not like Nintendo would be investing in some giant open world or adventure risky game. They know what they'll get from it

I just don't see Nintendo, if the choice is up to them, walking away from basically the BEST reviewed game/series on their last home console

Also, to add. Nintendo would want to risk a second attempt. Because all low sales and issues with the second game. Could easily be blamed from the horrible position the Wii U is in. If NX does good. I'd attempt a 3rd game. To get concrete proof the series is a failure or not.

I feel like any positive they could gain from funding Bayonetta 3 could also be gained just by remastering an old Nintendo IP or something similar. Basically I think it's a waste of time and Nintendo should focus on their own IP's or creating new ones.