Comment on Bloodbath Ahead For EA As It Looks To Cut $700 Million In Annual Costs Under Saudi Arabia
TheFeatureCreature@lemmy.ca 5 days agoYesn’t.
That may have been somewhat true in the past, but it is hard to articulate just how big of a hole they are in right now. The leveraged buyout has pushed EA’s debt to over $20Billion USD.
They make that money back or they might not, but they are going to absolutely pillage and destroy the company in the process. The word that often follows “leveraged buyout” is “bankruptcy”. It’s a tale as old as corporate history.
UnderpantsWeevil@lemmy.world 4 days ago
Maybe. But there’s an enormous amount of money to wring out of EA, even with the debts. And you can go back decades to read about their deplorable labor practices. This isn’t even the first time EA has been subjected to this kind of aggressive cash hungry squeeze.
blartcap_@lemmy.dbzer0.com 4 days ago
Wait when was the last time they were leveraged for $20B?