PIF is Saudi Arabia and Affinity Partners is Jared Kushner BTW
Games
Video game news oriented community. No NanoUFO is not a bot :)
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My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
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Wait Saudi Arabia owns the Sims now?
The Sims: Wahhabi Pack. Mandatory DLC featuring burqas, public executions, and owning US politicians.
You thought EA was shit before? Just wait and see what they have in store...
You thought EA was shit before?
Yes. I already gave up on EA games, so I guess all that is left is grabbing some popcorn to watch it get worse.🍿
As someone wrote in another thread: it's not like I could give them less money
Most or their games aren't even worth pirating and the idea of a Saudi sanctioned call of duty seems funny to me so let's see where this goes
If by COD you mean Battlefield, then yeah.
I mixed it up with the other publisher that churns out yearly games I don't buy
Centennial Turd Shooter Of The Year ™
Call of Duty is Activison, not EA, EA is The Sims
Oh man, you're right. Maybe battlefield then?
Not gonna lie, "The Consortium" would be the perfect name for the evil organisation in some kind of game or movie.
EA did 9/11
Does EA need to become privately owned? I mean, it does "OK" financially and the acquisition being done with the help of a 20 billion loan will surely put pressure onto the company to increase profits, most likely at the expense of developers who are already spread thin (see reported BF6 development woes)
Generally speaking, a privately-owned company doesn't have the same incentives to maximize profits at all costs since there are no public shareholders to benefit. However, one doesn't buy a company significantly above its current valuation to lower its profits.
Also what's important here is who's going to own it, and it's a pretty controversial group.
PE is all about that cash, but they have ways of making money that don't involve strong fundamentals. Direct private ownership, such as with Valve, aligns the owners interests with their customers much more closely.
And often comes with a focus on long-term company health rather than short term stock performance.
Oh yes, I did not mean to undermine the worrisome aspect of the new owners, I just struggle to understand why EA would agree to the financial operation in the first place.
Cashing out with a 25% bonus on your stock, well above it's highest point ever, sounds like a pretty significant sway.