I thought it looked interesting when they bought MIPS. Breathe life back into it? Perhaps even create something more like a real competitor to ARM and x86? Alas, 'twas but a dream.
I imagine the competition authorities would be unhappy if Intel or Softbank tried to bid for MIPS. Might anyone else take an interest? Like IBM, Oracle, Google, ... or private equity? From memory, the patent portfolio was bought out by a consortium including ARM, so any patent threat should be minimal.