Nintendo started in September 23, 1889. They are older than Sony.
They will die when no one buys their product. Otherwise, if there are artificial ways to make entities die, then they will find artificial ways to extend their life. They can simply close one corporation and form another, while retaining the brand.
This makes sense to me. If a company knows that it will be "killed" at a certain time, then what is to prevent it from making shill companies that would assume the assets of the newly killed company? The answer is nothing. The only thing that would result in this is investors being hurt and manipulated