Comment on It’s official: EA is selling to private equity in $55 billion deal
JillyB@beehaw.org 1 week agoCo-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.