That’s true, although very simplified. The slightly less simplified version is that Jared Kushner’s private equidy firm and the Saudis took a huge loan to buy EA then loaded the company with that debt. EA will be forced to sell a huge chunk of their portfolio and layoff thousands of people. If they survive this somehow they will be a shadow of what once was but more likely they’ll simply vanish soon. This shit should be completely illegal but I would lie if I said I’ll miss EA. A few people at the top getting filthy rich by destroying the company seems like a very fitting end for them.
It should be illegal to buy a company on loan and transfer that debt to the company. You should be required to get your money back via dividends or by building the company up and reselling it.
That’s true, although very simplified. The slightly less simplified version is that Jared Kushner’s private equidy firm and the Saudis took a huge loan to buy EA then loaded the company with that debt. EA will be forced to sell a huge chunk of their portfolio and layoff thousands of people. If they survive this somehow they will be a shadow of what once was but more likely they’ll simply vanish soon. This shit should be completely illegal but I would lie if I said I’ll miss EA. A few people at the top getting filthy rich by destroying the company seems like a very fitting end for them.
It should be illegal to buy a company on loan and transfer that debt to the company. You should be required to get your money back via dividends or by building the company up and reselling it.
They won’t be missed, destroyer of game franchises, studios and pioneer in anti-consumer stuff and transforming games into gambling, children welcome.