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The sale of Electronic Arts has been finalized

https://www.bbc.com/news/articles/cjejyl34345o
40•1659447091•1h ago

Comments

rockskon•38m ago
What a waste of Saudi money.
bestouff•34m ago
It's not a financial investment. They're buying influence.
gmerc•32m ago
This. See Bobby Kotik and the Epstein files.
nick486•2m ago
>They're buying influence.

Buying EA for influence? With the reputation EA has in gaming? They're a joke - they're not influencing anything. Its like buying a violin to fix a flat tire.

_carbyau_•19m ago
Between Saudi and right wing influence it seems one publisher will be trying to influence social commentary.
krige•6m ago
Because the Saudis leveraged this buyout via a massive loan from JP Morgan, EA's debt is now 10 times higher than it was when it was a publicly traded company: $2.2b to $22b.

Turns out the notion that they wouldn’t need humans to make games and they would use AI for most things was a pipe dream and firing staff to be profitable with the huge loan didn't work.

Now they are fucked.

Every company that spends money to buy up companies died and goes defunct because they keep failing to realize that they have to keep spending loads of money to make money and it doesn’t just roll in after acquiring IPs. Not even mobile slop or live service can save them anymore.

tomkarho•4m ago
End of an era. Who do we vote as the worst company ever now?

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The sale of Electronic Arts has been finalized

https://www.bbc.com/news/articles/cjejyl34345o
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