If Cakewalk was profitable, it would still be an active company. I think folks need to think about why Cakewalk was not profitable.
In every trade, including music production, you need tools that you can trust. Hobbyists love Sonar because it is chock full of features and seems like a great deal for the price, but professionals know that they cannot rely on Sonar to carry through a production from start to finish. As projects increase in size and complexity, Sonar becomes more and more unstable. Glitchy playback, corrupt project files, weird plugin and automation issues, etc. Sonar couldn't compete because it is not reliable as a professional tool. I know this is a sore point for long-time Cakewalk loyalist, but it's the truth.
Anyone who would acquire Cakewalk would have to fight a battle on two fronts:
1. Make Sonar a reliable tool for professionals
2. Convince professionals to try Sonar again