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Oh. I think OP meant Larian returning to their own IP (maybe Divinity). AFAICT, it was Larian's decision to not continue with the D&D IP, not WotC taking it back. But I might have that wrong.
Just saw your edits-- I see what's going on now :)
I read it as WotC taking back their IP and was saying WotC did not recognize that they needed Larian's expertise. So, opposite of that.
Oh. I think OP meant Larian returning to their own IP (maybe Divinity). AFAICT, it was Larian's decision to not continue with the D&D IP, not WotC taking it back. But I might have that wrong.
Just saw your edits-- I see what's going on now :)