The Saudi Arabia fund behind the wildly leveraged EA buyout is dealing with "financial distress", claims report

Comments

• Ludicrous0251@piefed.zip ⁨3⁩ ⁨weeks⁩ ago

  Who needs money when you can just have the company you’re buying take on debt to pay for its own buyout, then let that debt slowly rot it from the inside out.

  source

  • SupraMario@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    For EA this is great…let that festering pile of shit die and be sold off into smaller gaming companies.

    source
  • HasturInYellow@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Finance is actually very good and healthy for our society. :)

    source
• Assassassin@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

  🤞_destroy EA destroy EA destroy EA_🤞

  source
• MyFriendGodzilla@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  I think i might die of laughter if that all collapses xD

  source
• lemmyseizethemeans@lemmygrad.ml ⁨3⁩ ⁨weeks⁩ ago

  Leveraged Buy Out used to be called Hostile Takeovers back in the day. They don’t got the money to perform the transaction, they borrow based on gasoline fiction of anticipated returns eventually. It’s all insane. A collective hallucination where line go up because computer model (which is black box or calculation based on other opaque sources of revenue) says the money will like magic appear

  It’s Enron all the way down

  source

  • moody@lemmings.world ⁨3⁩ ⁨weeks⁩ ago

    A leveraged buyout and a hostile takeover are two completely different things.

    A hostile takeover is when the buyers appeal to the shareholders over the wishes of the board. It’s when the company doesn’t want to merge, but gets bought out anyway.

    The term leveraged buyout only indicates that the money is mostly borrowed.

    The case could be that a hostile takeover is also a leveraged buyout, but the EA buyout is not hostile.

    source
• MushuChupacabra@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Sounds like they deserve each other.

  source