The sale of Electronic Arts has been finalized
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Re: The sale of Electronic Arts has been finalized
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#3What a waste of Saudi money.
Re: The sale of Electronic Arts has been finalized
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#6Turns out the notion that they wouldn’t need humans to make games and they would use AI for most things was a pipe dream and firing staff to be profitable with the huge loan didn't work.
Now they are fucked.
Every company that spends money to buy up companies died and goes defunct because they keep failing to realize that they have to keep spending loads of money to make money and it doesn’t just roll in after acquiring IPs. Not even mobile slop or live service can save them anymore.
Re: The sale of Electronic Arts has been finalized
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#9Because the Saudis leveraged this buyout via a massive loan from JP Morgan, EA's debt is now 10 times higher than it was when it was a publicly traded company: $2.2b to $22b. Turns out the notion that they wouldn’t need humans to make games and they would use AI for most things was a pipe dream and firing staff to be profitable with the huge loan didn't work. Now they are fucked. Every company that spends money to bu…
Re: The sale of Electronic Arts has been finalized
#10End of an era. Who do we vote as the worst company ever now?