31–40 of 461 posts
Translation: Saudi Arabia (PIF), a private equity firm, and Jared Kushner (Affinity Partners).
And Jared Kushner's firm is mainly funded by the Saudis as well. So it's even more the Saudis (+ Kushner), and a private equity.
Jared Ibn Kushner: "hold my شاي"
RIP Bioware. This will probably be the final stage of its long, painful death.
AAA gaming feels so tired (and tiresome) that this news barely registers for me. The last EA game I played was the excellent C&C remaster - and EA's main contribution was getting out of the way of the project. They still own the rights to a ton of legendary IP - SimCity, Command & Conquer, Battlefield, but I don't have illusions that new iterations of that IP will be any good. I know this is probably part of the Saud…
> but I don't really care about EA or their legacy anymore. They own the entire sports gaming genre, and it's a massive money maker.
Although I'm not optimistic, there's a small chance this might shake up the sorry state of EA Sports. The incessant focus on microtransactions and features that are essentially just sports themed slot machines over actual solid gameplay has kept me far away from those games for a long time. EDIT: I think I might have worded that poorly. I do NOT think a change is going to happen, at least not one for the better, espe…
It's a leveraged buyout. They're going to need to pay those billions in debt, so predatory practices should not be stopping.
Correct: “the transaction will be funded by a combination of cash from each of PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA, constituting an equity investment of approximately $36 billion, and $20 billion of debt financing.”
EA currently carries about $2.6bn in non-current liabilities of which $1.5bn is long-term debt. So an order of magnitude more debt.
It's a very simple money-printing machine, with plenty of people addicted to it with its gambling/gache style game.
All the other IP barely make any revenue and will likely get even less attention. RIP Bioware.
Lol. Well someone at EA saw the writing on the wall. This is going to be a bad acquisition by these vultures.
Earlier quoted context omitted.
Company is worth of 50 billion, while everyone hates it these days?
Being worthy doesn't mean they are doing good things. It only shows that their business model is creating value for the people who matters to the detriment of others.
I am finding myself having some conflicted feelings on this. First, I absolutely hate who is buying them. Especially as a huge Bioware fan with a Mass Effect tattoo. That being said, putting aside who is buying them for a moment. I would actually be happy to see more gaming companies going fully private. I feel like the need for constant growth (instead of just sustainability) is what has caused much of the issues in…
AAA gaming feels so tired (and tiresome) that this news barely registers for me. The last EA game I played was the excellent C&C remaster - and EA's main contribution was getting out of the way of the project. They still own the rights to a ton of legendary IP - SimCity, Command & Conquer, Battlefield, but I don't have illusions that new iterations of that IP will be any good. I know this is probably part of the Saud…
I mostly agree about AAA, but to be fair Battlefield 1 was/is a really good game. You'll never find an experience like that in an indie studio.