It can help if it turns an illiquid real estate investment with a liquid software company attached to it into a software company with a lot of cash.  There&#x27;s not much they can do to unlock the real estate value other than borrow against it which is risky.<p>I suspect that once they have the cash in the banks, activists will push them to &quot;enhance shareholder value&quot; with it, which is more likely share buybacks than anything else.  It could still lead to an acquisition.<p>Unlocking the cash is nominally better than holding onto the building from a buyout perspective in that it saves the buyer the dirty work.  If the buyer wants to do an LBO, they can use the cash to finance it.  (Strange how that works!)