And yet Microsoft is spending billions to buy Bethesda and Activision, and there are consistent rumors of Sony buying companies like SquareEnix. If they just wanted studios, there are plenty of indie studios they could buy to increase their development capacity if that was their only interest. No need for the billions. Clearly, they do in fact want the legacy IP.
Actually, that's not true. SquareEnix has a large arcade division that runs arcades all over Japan. Its called Taito.
Speaking of Sony buyout rumors, Eidos Montreal's founder has confirmed that he too has heard rumors that
Sony is interested in buying Square Enix Tokyo. To quote him from the article directly: