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Taking it private just means taking it off the stock market (the news of it possibly going private has already cause the share price to spike).
Honestly, public trading of games companies sucks anyway and is what drives all the shit you see from the likes of EA, Take Two, Roblox etc.
Under private control, and less drive to bleed every drop of value out of every property might mean we can get classics like Beyond Good and Evil again.
My personal experience with buyouts from private equity investors is that they will milk every single cent out of the company as they crush its soul. They’re looking to make a huge profit, relatively quickly. Yes, the stock market is also looking to profit, and big share-holders have a lot of sway, but publicly traded companies don’t have to answer to a small number of ultra wealthy puppeteers in quite the same way private equity held companies do. Also, there are certain employee protections, particularly around layoffs, that apply to publicly traded companies but don’t apply to privately held companies.
This seems to be one of the key strategies in the PE playbook:
Buy the company / take it private
Slash costs everywhere, including yearly layoffs.
Push the remaining employees to adopt a “lean” or “customer first” mindset, which really means “do more work, faster, for less reward”.
Profit?
As much as I dislike Ubisoft, I don’t dislike anyone enough to wish that process upon them.
Well, technically yes, but not under Tencent. These guys will squeeze Ubisofts balls even harder than shareholders do. All stuff that went under Tencent got worse or at least that’s what I remember.
I mean, RIOT has been under Tencent for years at this point and they are mostly doing the same things they did back when they were independent. Only thing you could say that they probably changed is to focus even more on making “cute characters” that sell really well.
I’m not that informed on LOL, stopped playing it like decade ago, but isn’t it what I just said? More push on monetization. Might be subtle, but still it’s there.
Well, Ubi is piece of shit nowadays, so it wouldn’t be such a loss in this regard. But hell, no more monopoly pls, tencent is huge enough already…
Taking it private just means taking it off the stock market (the news of it possibly going private has already cause the share price to spike).
Honestly, public trading of games companies sucks anyway and is what drives all the shit you see from the likes of EA, Take Two, Roblox etc.
Under private control, and less drive to bleed every drop of value out of every property might mean we can get classics like Beyond Good and Evil again.
My personal experience with buyouts from private equity investors is that they will milk every single cent out of the company as they crush its soul. They’re looking to make a huge profit, relatively quickly. Yes, the stock market is also looking to profit, and big share-holders have a lot of sway, but publicly traded companies don’t have to answer to a small number of ultra wealthy puppeteers in quite the same way private equity held companies do. Also, there are certain employee protections, particularly around layoffs, that apply to publicly traded companies but don’t apply to privately held companies. This seems to be one of the key strategies in the PE playbook:
As much as I dislike Ubisoft, I don’t dislike anyone enough to wish that process upon them.
Ding ding ding. People hear “going private” and think “mom 'n pop shop”. But PE firms are vultures. Actually no, that’s mean to vultures.
How Private Equity Consumed America - Wendover Productions
Well, technically yes, but not under Tencent. These guys will squeeze Ubisofts balls even harder than shareholders do. All stuff that went under Tencent got worse or at least that’s what I remember.
I mean, RIOT has been under Tencent for years at this point and they are mostly doing the same things they did back when they were independent. Only thing you could say that they probably changed is to focus even more on making “cute characters” that sell really well.
I’m not that informed on LOL, stopped playing it like decade ago, but isn’t it what I just said? More push on monetization. Might be subtle, but still it’s there.