EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

submitted by

news.ea.com/press-releases/press-releases-detai…

0
14
3

Log in to comment

Hot Top New Old

Comments in Games@sh.itjust.works

OP edited

PIF is Saudi Arabia and Affinity Partners is Jared Kushner BTW

https://en.wikipedia.org/wiki/Affinity_Partners

 reply
39

You thought EA was shit before?
Just wait and see what they have in store…

 reply
12

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

 reply
3

If by COD you mean Battlefield, then yeah.

 reply
4

I mixed it up with the other publisher that churns out yearly games I don’t buy

 reply
2

Centennial Turd Shooter Of The Year ™

 reply
4

Call of Duty is Activison, not EA, EA is The Sims

 reply
2

Oh man, you’re right. Maybe battlefield then?

 reply
2

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.🍿

 reply
2

Not gonna lie, “The Consortium” would be the perfect name for the evil organisation in some kind of game or movie.

 reply
9

Wait Saudi Arabia owns the Sims now?

 reply
6

The Sims: Wahhabi Pack. Mandatory DLC featuring burqas, public executions, and owning US politicians.

 reply
2
edited

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)

 reply
4

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.

 reply
14

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.

 reply
4

And often comes with a focus on long-term company health rather than short term stock performance.

 reply
3

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.

 reply
3

Cashing out with a 25% bonus on your stock, well above it’s highest point ever, sounds like a pretty significant sway.

 reply
7

Comments in PC Gaming@lemmy.ca

Whelp, that confirms that I will definitely not buy a damn thing from EA.

 reply
9
edited

Ok who wants recommendations for indie alternatives to EA games?

edit no seriously I am a nerd about this stuff, fire away, I enjoy giving game recommendations so if there is an EA game you really love and this hurts to hear, let me try to ease your pain!

 reply
7

I remember hearing about two Sims-likes that were gaining traction, then one turned out to be ai-filled dogshit. I don’t remember what either one was called though. Are you aware of any Sims-likes that are genuinely good, single player only, and not ai trash?

 reply
3

i plan to play the games I love and own still, I just plan to not buy anything new.

 reply
1
Insert image