Comment on It’s official: EA is selling to private equity in $55 billion deal
JillyB@beehaw.org 16 hours agoI doubt it. The Saudi-Arabian monarchy doesn’t invest in things because they want to make money. They do it for power, image, and influence in the world. They just threw a lot of money into the E-sports world cup in Riyadh. I think they’re buying what’s needed to make Saudi-Arabia a gaming hub. They’re doing the same thing with sports and racing and all sorts of entertainment. For that reason, I doubt they’ll strip EA for parts. All of the competitive games that EA makes will suddenly have tons of prize money and developer-backing for competition and E-sports. And the final big event will always be in SA.
Gaywallet@beehaw.org 16 hours ago
Yea fair there is definitely the sportswashing angle on this, but they are absolutely leveraging debt for this purchase which they will put on the company. Their deck also talks a ton about AI, which is where the AI/stripping angle comes from. As to whether they can just ignore the debt because oil money, that’s I suppose another question entirely.