Calls it a "hostile takeover" even though he literally explains why it wasn't a hostile takeover: Developers were way behind schedule and not making progress, Star Theory leadership tried to hold T2 hostage with the project and T2 called their bluff and cancelled the contract. They then offered developers to transfer to new studio. Some developers wanted a pay raise or didn't transfer for other reason.
This seems like bad faith rules lawyering. The publisher didn't literally buy out the studio, they just withheld funding, made a new studio they owned and forced everyone over. They took over, it was hostile.
https://status.d420.de/ there's a few nitters post-rebirth, all of them probably using a fleet of real accounts and anti-bot protection instead of the guest accounts that first-age nitter used.