Reports: EA set to be sold to private investors for up to $50B
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Re: Reports: EA set to be sold to private investors for up to $50B
#2[flagged]
Re: Reports: EA set to be sold to private investors for up to $50B
#3Some EA IP I remember
Battlefield
Mass effect
Dragon age
Madden
The sims
Titanfall
Re: Reports: EA set to be sold to private investors for up to $50B
#4Can someone explain to me how a public company can go private and there’s no fear of outcry from the shareholders in said company? Like companies do all these evil things to please shareholders but wouldn’t many shareholders of a public company be against the transition back to private?
Re: Reports: EA set to be sold to private investors for up to $50B
#5Some EA IP I remember Battlefield Mass effect Dragon age Madden The sims Titanfall
Titanfall 2 was fun. I don't get why they cancelled the third one.
Re: Reports: EA set to be sold to private investors for up to $50B
#6Can someone explain to me how a public company can go private and there’s no fear of outcry from the shareholders in said company? Like companies do all these evil things to please shareholders but wouldn’t many shareholders of a public company be against the transition back to private?
Re: Reports: EA set to be sold to private investors for up to $50B
#7Can someone explain to me how a public company can go private and there’s no fear of outcry from the shareholders in said company? Like companies do all these evil things to please shareholders but wouldn’t many shareholders of a public company be against the transition back to private?
One thing is fiduciary duty to the shareholders, another is “pleasing the shareholders” as you describe it. Pleasing the shareholders is necessary only when displeasing them means they will sell the stock when there is no buyer. If there is a buyer, the current shareholders are less relevant — as long as management cannot be accused of not fulfilling their fiduciary duty to them.
Re: Reports: EA set to be sold to private investors for up to $50B
#8Can someone explain to me how a public company can go private and there’s no fear of outcry from the shareholders in said company? Like companies do all these evil things to please shareholders but wouldn’t many shareholders of a public company be against the transition back to private?
With public companies more or less the only thing that shareholders can complain about in terms of the company being taken private is if the price is unfair (in which case they can sue). Otherwise the only thing that the entity buying needs is the consent of the board and a majority shareholder vote, whether by buying a controlling share themselves on the open market or by negotiating with them. Usually the private buyer offers a price higher than the current public market cap to incentivize the shareholders to vote for a sale.
(And yes, this means that in practice there is a compelled sale of some fraction of the stock at whatever price the majority agrees to)
Re: Reports: EA set to be sold to private investors for up to $50B
#9Explains a lot of their moves. I'm still pissed at them canning the mobile baseball game (an MMO simulator with a rabid, engaged fan base) from their purchase of Glu.
Re: Reports: EA set to be sold to private investors for up to $50B
#10Some EA IP I remember Battlefield Mass effect Dragon age Madden The sims Titanfall
What about Bards Tale? That was a classic retro game not the 21st century remake.