BioWare doesn’t own the IP, EA does. The studio at this point has no value to them and selling BioWare would only generate income if they included the ip which they won’t.
EA will either sit on the IP or get another studio to make a mass effect game.
Because of Disney copyright laws last for a long time. Like Steamboat Willy (the precursor to modern Mickey) became public Domian only a few years ago.
Apparently if the IP is sold then the original holder can reclaim the IP after 35 years under US copyright law, as Richard Garriott will do sometime next year. Of course he fully sold Origin Systems to EA, so I don't know how it would work with BioWare due to the whole holding group merger/partnership prior to the acquisition by EA. But depending on who 'sold' BioWare to EA they could reclaim its IPs by 2042.
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u/Nickillaz 8h ago
So shutting it down is easier than selling it off? Surely some company would want Bioware even just for the name or the IP?