Why does a company has to go bankrupt to open source? It’s like something that owners want to do in order to be able to fork, not something that is being done for the community or open side of it.
Source code is not the main asset that makes the final product. Doom is also open source but if you compile the source you won't get the game that's on the self. You still need the game assets for that and those are not open source, you need to buy the game to get those.
I just got here from the “DoJ moves to legalize weed” comment section, and I have the same thing to say: I don’t care why people do a good thing, I’m uncomplicatedly happy it happened.
Once you are going bankrupt, you are going to lose the asset anyway, so there is no incentive to keep it closed source.
Is it really that hard to figure out why a company open sources when going bankrupt?