Comment on Bloodbath Ahead For EA As It Looks To Cut $700 Million In Annual Costs Under Saudi Arabia
boonhet@sopuli.xyz 4 days agoLike Martin Shkreli in that they’ll increase the price of a life-saving drug 20x without consequences, or like Martin Shkreli in that they’ll go to prison for defrauding rich investors?
Seriously fucked up that the second was considered a crime, but not the first, in Shkreli’s case.
Canconda@lemmy.ca 4 days ago
Probably the former as I doubt defrauding a Saudi prince would result in mere incarceration.
boonhet@sopuli.xyz 4 days ago
Fair, though since it was a leveraged buyout, I reckon it would be JP Morgan Chase who’d be getting defrauded. The only question is whether MBS wants that kind of image for the saudi PIF.
Essentially, MBS and Kushner would find a way to spin all the valuable IPs into other companies and leave only the debt and maybe some IPs at EA Games. Then it becomes a worthless company that owes JPMorgan Chase 20 billion with a fairly high interest rate.