In a deal involving a company owned by Jared Kushner, a company that is basically just the Saudis, and $20B of debt.
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Good riddance. I hope by “private” they mean we won’t hear from them again–they’re a very private company, they keep to themselves, and never say anything. That sort of private.
(I know that’s not what it means)
Hopefully it’s a leveraged buyout and this is the death of EA.
Edit: Haha I clicked the link and it really is an LBO.
It is a leveraged buyout.
Yup I added an edit. LBOs should be illegal man. Just search how many companies have been bought like this and then driven out of business.
Just when you think EA can’t get any shittier, they find another way to lower the bar.
Going private could have been a net positive. But, not from venture capitalists, and certainly not from the Saudis.
Also, taking on this much debt as part of the buyout is just asking to be gutted and carved out, complete with record-breaking layoffs.
Toys R Us anyone?
EA 0.00052 seconds after hearing Nintendo is the worst game company…
Saudi owning FIFA is hilarious seeing most of its profit comes from gambling. Muslims my ass 😂 Not that they ever practiced what they preached anyway—Islam or not, religion has always been nothing but a tool of oppression to rulers.
Instead of lootboxes, you cut open journalists to get your prizes.
What are the odds of getting the golden jet in your ultimate team?
Buy now 20 Jamales one gold drops guaranteed 40% discount.
It would be interesting if EA pulled away from lootboxes for their owner’s ideological reasons.
Maybe they’ll remove the gambling. Probably not but it would be good if they did.
Why do people always connect saudi to Islam when it’s pretty obvious no muslim other than Saudis likes the Saudi family as they are infamous for their practises. While even a slight hint at israel and Judaism or rich jewish assholes with judaism would get you down voted to the ground even when it’s an appropriate callout.
Edit: I am not challenging the comment, i am just curious as to why. One reason I could think of is that jews are considered an ethnic group so they may not be religious at all but that could apply to any religion no?
Except ea lost the FIFA licence in 2023.
Didn’t as much lose it as they called FIFA (an organization worse than EA)'s bluff when FIFA wanted like a billion for the naming rights.
The religious skirting around the doctrines of their faith for personal gain is a feature, not a bug.
It doesn’t exactly scream “Shariah Compliant”, no.
The only part of the religion that matters is the part that lets them treat women as sex slaves anyways.
Couldn’t happen to a nicer company
And the worst get worst-er
101 how to make your company’s bad public image even worse.
Is this better or worse than being a public company?
This specific instance? Worse.
It’s being bought by blood money (Kushner’s $2billion investment/bribe to hush up the US government about the brutal murder of a US resident journalist at the hands of the Saudis). Plus a country that somehow is even more squeamish about content than the US is in charge - look forward to way more censorship.
Depends. This is a leveraged buyout and there are countless examples of other companies bought like this and they don’t last long.
They take on massive debt to buy it. Then they shift that debt to the company they bought and away from the individuals. Then that company is crippled paying down interest so they can’t innovate (not that EA did), then they’ll have to cut costs and the product will diminish. Likely pay out billions in dividends to the buyers can make profit and in 5-10 years EA will go bust or get sold again.
The banks will be left holding the bag, but probably covered their loses by that time so can write off the rest of the debt.
Public companies have a hard wired compulsion to increase value for shareholders. Every single decision is made with profit in mind. In the best cases you get milquetoast, inoffensive material everyone can enjoy. Ultimately, this leads to a relentless and aggressive pursuit of endless growth at any cost.
Private companies can take a loss here and there, they don’t have to report a bad quarter and so they can plan ahead. Which allows them to do two, non explains things. That approach allows them to build a robust and loyal consumer base which is quite valuable. So they’ll sell it off again and let the public companies milk them dry. They can also get up to some horrendously evil shit behind closed doors in a foreign country where the laws only apply to people who aren’t the ruling family and never have to answer for it. Though that kind of thing is usually reserved for like, chemical manufacturers and labor intensive luxury food markets. It may be that the Saudis are just diversifying and want a propaganda mouthpiece. Or one of the royals REALLY likes FIFA.
Hard to say.
Yes.
Depends on your perspective.
This is bad from a business, creativity, and human rights standpoint.
However, it’s good that a shitty company like EA with predatory products is going to be even more exploitative and predatory from here on out.
I enjoy watching the useful idiots get taken for a ride.
Haven’t bought an EA game in over a decade. Don’t intend to change that anytime soon.
If it’s gone public, then generally going private is a bad thing. It’s usually some investors that are going to do something bad with the company.
A company that starts and stays private may be all the better for it (but that’s hardly assured either). If they are a success and didn’t bring a lot of investors, then it generally means they actually care about the work intrinsically.
EA has basically been dead to me for a very long time, even though I know a couple of people who work there.
While the whole Saudi Arabia / Private Equity angle is terrible, part of me thinks/hopes/wishes that this is part of their whole sports-washing angle - and there is a slim but non-0 chance that there will be an improvement in the quality of their studio output over the next few years.
I’ll continue to avoid buying their games, but it would be nice to see those that still do not getting nickel-and-dimed as hard as they currently are.
Who knows, there is also the potential that this buyout backfires and Saudi’s human rights abuses become even more public knowledge as a result?
When times are as bad as they currently are, we have to hope.
I’d love to see the sports leagues pull their licenses
Y’all shouldn’t be buying EA games anyway.
At this point, I see pirating The Sims as a moral imperative. There’s no reason the full game should be ~$1500.
Yeah but we can also make a FOSS version of PlantsvsZombies & Sims
$1500‽ What the fuck‽
Due to Steam’s Autumn Sale putting the DLC anywhere from 30-50% off, you can currently get the complete game for the low price of only… $993.79.
I wish I was kidding.
And It won’t run.
So many of these DLCs are outright broken. For instance, the For Rent pack very well will corrupt your save file. I’ve had a glitch happen that was a for rent glitch, and I don’t even have the pack. Dine out doesnt function, my wedding stories doesn’t function. The game is still bland with $1000 of DLC.
It’s so bad, they added a toggle to turn off “unused packs” that break your game. You can now just uninstall them through the UI. Stuff you paid for, you can turn it off now, so your game runs more smoothly. Except, when It rolled out, it broke people’s games when they tried to use it, said they didn’t own the pack anymore, so you couldn’t turn a pack back on. Absurd.
Fuck The Sims 4, Fuck EA.
Rust console, is an old game, they released a new version to upgrade to new systems. Free to people who already owned the first gen game. They did this well imo. EA could never.
Why you might as well sail and get a fixed pack for basically free.
Or just find a better game. There are plenty of games where you’re not expected to pay and download additional files to have rain.
The Command and Conquer series has only a few or no equivalent right now, as far as I know.
There is INZOI, which should be superior to the Sims series, but its hardware requirements are very demanding.
Despite the existence of superior racing sims, some people still play NFSU2 but enhanced with mods.
I’m saying because in some places people like the games more than the corporation owning those titles (and sitting on, while keep on selling the games with the loot boxes), they’ll just pirate those copies.
Hell yeah, interrobang!
underrated unicode character
The franchise basically created the microtransaction.
As much flak as Oblivion got for horse armor, the Sims did it first.
I can’t wait to never play either of those games. Thank Ahura Mazda for indie games.
Oh yeah, they milked that shit as much as they could. Really ruined the franchise with their bullshit.
If people are willing to pay it…
Don’t forget how many years it went live and the absurd number of expansion packs.
… And?
A shit ton of those couldve been free updates lolWell, their artists did make additional assets though, even if they may be recoloured versions.
And…? Cyberpunk, monster hunter, witcher, … All got visual updates in their lifetimes :p
Witcher, baldurs gate, monster hunter, gta5 and more got actual content updates too
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I dunno man. Consider it aspiration! Pirate 1500 minimum in EA games.
I wouldn’t even take that shit for free.
Sail the high seas.
I was already not buying their crap.
Now I can do so gleefully.
I set EA to Ignore on Steam two years ago. Ubisoft too.
They don’t even make anything anymore. Just sports games, mobile games and Sims expansions.
I couldn’t be more excited about what’s ahead,” said Jared Kushner, Chief Executive Officer of Affinity Partners.
Because it just wouldn’t be a story without a Trump family angle.
It saves so much time for him to be buying a failed company. It cuts out all the leg work he has to do.
If a company bought EA it would make sense if they were buying it for the IP. Someone who actually knows how to run a business could probably turn it around, but why is he buying it does he have another game studio that I’m not aware of?
Rest in piss, EA
If we’re lucky, they’ll do a Toys-R-Us and make EA fund it’s own buyout.
This is exactly what happened. To the tune of $20 billion.
The EA studio slaughterhouse is about to go into overdrive.
Surely gamers will find it within themselves once in their lives to actually not buy garbage from a country that doesn’t even want them alive. Surely gamers, even though they’ve never been able to find it with themselves before, will somehow figure out how to do the right thing for once in their lives And not fund this shit country.
Surely this is the line in the sand.
Who the fuck am I kidding?
How many gamers bought Veilguard?
EDIT: I just checked and it looks like the only game EA released since Veilguard that was targeting the general gaming audience (i.e. wasn’t a sports game, a Sims expansion or a mobile game) was Split Fiction. Battlefield 6 will be out in a couple of weeks so we’ll see how that does.
Let’s say gamers do that. The average EA/“Fifa” buyer will see the box art with Messi/Whoever and buy the fucking game.
E A Sports. It’s in the shame!
