AMD can't sell off the x86 license since Intel won't allow for that.
I completely disagree with this. Intel most certainly would LOVE for a competitior with a chunk of their x86 market to leave the market, due to the fact that they will have an opportunity to gain more market share.
Legally, they can't get to crazy tdue to the anti-trust/monopoly laws in place (in the USA at least) but I would be willing to bet if AMD was dissolved Intel would capitalize as much as legally possible on it.
They might even go as far as taking most of the x86 market, and reincorporating part of their share under a different name while sharing the same design secrets. AKA Two taxably different corporations that both exclusively sell intel product.
Either way, prices will most likely scyrocket in the even AMD goes out of business due to lack of competition. NOT good for anyone.