Feddit.frReports: EA set to be sold to private investors for up to $50 billion - Ars Technica
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Are they selling it one microtransaction at a time?
Every time private equity buys out a public company, they saddle it with debt, gut its intellectual properties, turn its products and services to shit then close up shop for good.
Given that EA has already managed 3/4 of those things on its own, I wonder how much this will actually change.
sexy_peach
ScrubblesPrivate equity is the death knell to any brand. For example Joanne’s was sold to private equity. I’ve worked for companies owned by private equity, they are there to extract every last cent for themselves while the brand is whittled away. Any cent that would be invested is instead given to the investors so they can buy new Audis and boats.
I’m not saying EA didn’t deserve it, but this is for sure the end of EA as we’ve ever known it
I’d say good riddance, but with Jared Kushner involved, I can’t imagine any good will become of it.
With Trump suggesting he’ll be able to control TikTok’s algorithm, crackdown on political opponents (starting with Comey and Willis), along with getting television networks to bend the knee about what gets aired… this could be just another avenue of controlling the media
sigmaklimgrindsetMy EA internship at one of their Canadian offices was the best experience I’ve had in the gaming industry. I feel for my colleagues there, no doubt the work culture is about to get real toxic for them.
Those “private investors” suck. Just in case you were curious
Wow, you weren’t kidding.
First EA killed all the good developers/publishers like Codemasters.. Maxis. Visceral. Criterion. Black Box.
ANd now they will be sold to a private investors..? What the hack.. EA is dead to me already.
Never forget Westwood.
KaneWestwood lives in death!Ah yes Westwood! Much love ❤️.
EA BTW confirmed it, EA is now sold.
They’re being sold to the Saudis. The same guys who hacked up a journalist so they will continue the EA tradition of hacking up developers, only now 100% more physically.
Serious question. What difference does this make? They’re already a shit corporate soulless entity, how much worse can things get? I already avoid 99% of their games
Hazelight Studios
Just kill of the company already. They have only put out absolute shit these last 2 decades. Just kill it and do us all a favour.
Probably where we’re headed, ‘private investors’ is usually code for people who are going to strip and sell off the company.
I hope the IP lands somewhere good.
Honestly I hope the IPs get locked up and shredded in legal battles so that we can just start fresh with some new and original ideas.
There are some that I’d be sad about.
I’d really like to see American Mcgee somehow get the entirety of the Alice license back under his control. That man has been trying to finish his vision in some fashion for almost 2 decades now. I think he may have finally given up, but dude has had it rough and it’s obviously his lifes work. I’d also love to see someone take the Sims back to its roots and I don’t think anyone is going to get the money required to do it right without getting the name.
Last 2 decades? Mass Effect trilogy, DA: Origins, the last few good NFS games and so on all came out less than 2 decades ago.
I will however admit I have no idea what they’ve made this last decade. I think they had an actually good Star Wars game with no MTX or online some time ago?
I drew that line at Battlefield 3. That was my last Origin only game and I refuse to use any other launcher besides Steam after that.
Everyone be buying yo dataaaaaaaaa, no longer a struggle to hide illegal activity because we privateeeeee. It’s a new song I’m working on.
Good thing I kicked EA to the curb 10 years as go…
I still don’t understand why this sub has a veiney bad dragon thing for its image.
Years of being fucked by big gaming corpos took it’s toll.
joy sticks come in many forms
Hear me out:
…That’s about it.
I guess churning stuff out like F1 or Sims DLC every year isn’t particularly offensive, and they didn’t mess up ME LE too bad. And they have a history of some neat originals.
What I’m saying is EA isn’t really the mega villain anymore. And maybe the longer-term horizon allowed by going private will help?
Wishing this frees up the Mirrors Edge IP for a sequel… Knowing that won’t happen… Sad face….
Makes me even more nervous for the future of the Mass Effect franchise