Gaming

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From video gaming to card games and stuff in between, if it's gaming you can probably discuss it here!

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It’s official: EA is selling to private equity in $55 billion deal (arstechnica.com)

submitted 4 days ago by Midnitte@beehaw.org to c/gaming@beehaw.org

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Friday's reports that Electronic Arts planned to go private were publicly confirmed Monday morning. Silver Lake, Saudi Arabia's Public Investment Fund (PIF), and Jared Kushner's Affinity Partners will join together to pay an estimated $55 billion for the video game mega-publisher in a deal being described as the "largest all-cash sponsor take-private investment in history."

Gross - guess I won't even wait for BF6 reviews to not buy the game.

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[–] JillyB@beehaw.org 9 points 4 days ago

Co-op/freelance > small business > large single-owner business > publicly traded business > private equity business.

The hordes of faceless shareholders is mostly regular people's retirement accounts. It's still a net-negative for society, but now it's not even helping someone retire comfortably. With Saudi Arabia involved, that means it's also going to be laundering the image of a monarchy.

A few years ago everyone was talking about how crown prince Bin Salman ordered the brutal execution and dismemberment of a journalist. Now the E-sports world cup is in Riyadh.