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I think it was more a case of them being unable to keep Sam & Max due to it being a creation of Steve Purcell. It was a temporary contract.
Monkey Island, on the other hand, was a very successful series that is their own intellectual property. Even if they have no intention of using it, no company will give away something like that without some serious cash, and even then it's probably unlikely.
Best to just dissolve all hope of another Monkey Island game, and should one come along it'll be a nice surprise.
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