Yeah, but you'd think that studios that made plenty of hits in the 90s and early 2000s would be kept as they are in hopes that they make more hits—even as subsidiaries. The publisher financed the games before, after all. But no, afaict it's the same story every time: after several years, the publisher revs up the old blender, reassigns the studio's sub-outlets to its existing regional divisions, moves people around, and either renames the studio to ‘BigPublisher RegionName’, or shuts it down.

Also iirc there's a running theme of ‘we solemnly promise that the studio keeps the creative control after the acquisition,’ from both companies.