Everything falls…
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They can buy the company, but the company has already proven once that its incapable of making a good game without Miyazaki himself. Dark Souls 2 is a meme of a joke for a reason.
So if they fuck around too hard and press a man who would get paid massively to jump to anywhere else, they will just Konami/Kojima the entire franchise and end up making a shadow of what they want.
Also, personal opinion but, Elden Ring showed the genre is on its last legs. Its pumped full of things that would be found in a bad Soulsclone game instead of a legitimate game by the man himself. Empty exploration, hugely bloated stats, and bosses designed to troll you because "le hard!" Really feels like they are running out of ideas to make the formula work again.
Metal Gear is a dead franchise at this point, all they can do is port all their games like MGS4 to multiplatform and that's it.
Only Kojima would want it at this point, just to preserve the IP from fuckery by squatting it.
Exactly. Konami tried to keep going and instantly fell on their face. All they have left is porting and "remaking" the classics to modern levels, which is working decently but is going to run out soon. While Kojima seems to be happily doing whatever the fuck he wants and making a shit ton of money/connections doing it (even if the product is iffy).
From is in a worse position if they lose Miyazaki. All the Souls games are readily available and most are PC already. The Demon's Souls well is tapped and Bloodborne is the white whale left. The games are far too new for a "remaster/remake" to make much money (since unlike DS1, the online works on all of them). They have a catalogue of non-Souls games to draw from, but we know Sony isn't interested in that.
So they'd end up with the B-team who made Dark Souls 2, hoping they don't botch it this time and also make something better than Elden Ring. While Miyazaki would be snatched by literally any company he wanted.