I would assume that PSA looked at SGC's #s, and felt that they were on track to take a larger % of the market. Financially, it would make sense then to buy out SGC and close them down, if the cost of doing so was less than the market share loss they were projecting.
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Collecting Federal League (1914-1915)
H804 Victorian Trade Cards
N48 & N508 Virginia Brights/Dixie/Sub Rosa
NY Highlanders & Fed League Signatures
....and Japanese Menko Baseball Cards
https://japanesemenkoarchive.blogspot.com/
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