I think he means, Insomniac were bought because Facebook were making a move and Housemarque were under threat too of being bought.
They were in talks with Sony during years prior to the acquisition, nobody else were going to buy them.
Phil's going to pick up Konami and slap a Bomberman face on that black Series S vent.
Great, thanks. So it's either Sony buying Konami (SH, MGS rumours) or them buying From parent company.
Microsoft purchasing Konami, or at least their video game development, could be part of a push into the Japanese market. Unlikely, though.
It has a net worth of $5B, which is too expensive to what they can offer, but they generate $2.5B but if Sony or MS buy them they would sell or shut down many divisions that generate a great portion of that revenue. And:
1) Konami has some juicy IPs, MS and Sony could be interested on them even if it's just to fill the catalog of subscriptions with old games and maybe to resurrect some of these IPs from time to time.
2) But Konami doens't have decent console gamedev studios. Sony and MS already have a lot of IPs, what they need is more studios and/or to grow their existing ones to develop them, because many of them are forgotten or in bad shape.
Konami is successful in mobile, but if they want to buy some big mobile company they could buy someone way more successful for a way smaller amount of money. But in any case, Sony would be interested on it.
3) I know big Japanese companies like Sony or Nintendo can't be purchased by foreigners, not sure if this would affect Konami too (it's possible but I think it isn't the case).
4) Konami has many other business where Sony and Microsoft aren't interested at all: pachinkos, gyms, arcades, internet, real estate, trading cards and other stuff. They also have movies and anime stuff, Sony would be interested in this part.
So even if it's still possible and they could rearrange and address everything, I think it's very unlikely to see Konami bought by MS or Sony.
There are better options. As an example, Square Enix has a market cap of $7.2B, they have way more top IPs that are still relevant today, several very capable AAA studios, they have way less weird divisions to cut and is in a very healthy position. May be more expensive but would be a better business.