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Saudi Arabia bought EA. Woo boy lol.
inochinagi
inochinagi
I wish it was as simple as that (and I don't even care about EA), but this isn't like when MISK (the Saudis) bought SNK. It's worse. This is PIF (also the Saudis), along with Affinity Partners (Jared Kushner), lead by Silver Lake (a private equity firm) doing a LBO (limited buyout) on EA. It's gone from publicly traded to private.
inochinagi
inochinagi
What these groups are doing is shockingly similar to venture (AKA vulture) capitalism.... what happened to Sears and Toys R Us. They buy it, along with $20B of debt, which EA is expected to pay back, not them, and then use it to make quick profit at any cost, turning EA either into a zombie company or a carcass. Creativity or putting consumers over profit goes out the window.
inochinagi
inochinagi
If these corpos outside the games industry find this very lucrative, it could set a new precedent, which could mean after EA they'd do the same with a company with games we do still care about.
Can't seem to find any info on it, but apparently there were rumors of a Sonic Adventure 1 remake that was on talks at one point this year?
Derock
Derock
There were talks, but unfortunately, Iizuka wants to focus on current stuff.
GreatDarkHero
GreatDarkHero
I swear, if there was a Sonic Adventure Remake... I swear!
Because, the initial game was already fun as hell
ALL DOA6 DOA5 DOA4 DOA3 DOA2U DOAD
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