Interesting that some time ago Red filed a lawsuit against Nikon for using a RAW video compression algorithm that Red claimed infringed its patents, but later dismissed it: https://dpreview.com/news/5338402238/red-is-suing-nikon-for-... https://dpreview.com/news/9301564383/nikon-denies-red-s-laws... https://www.newsshooter.com/2023/04/28/red-patent-lawsuit-ag...
Maybe that’s what’s partially responsible for the acquisition - also Red struggling to get market share from Arri Alexa on bigger budget productions, and facing pretty stiff competition from lower priced cameras by Blackmagic, Sony etc