…A group of investors including private-equity firm Silver Lake and Saudi Arabia’s Public Investment Fund could unveil a deal for the publisher best known for its sports games as soon as next week…
What are the odds this would let them make better games?
Is it worse to be owned by vultures? Or to be a publicly traded company that’s legally compelled to maximize short term profit at the expense of long term viability?
So, a shit sandwich or handful of shit?
with public trade the long term goal is still to grow. private ownership is an inevitable race to the bottom.
Every company starts out privately owned. Being publically owned means you are legally required to put shareholders’ interests first and thus essentially be purely profit and growth driven, leanding to an unsustainable cycle of infinite growth which is a major cause of the enshitification of everything as we know it today.
Private companies can at least set their own goals and do things other than chase profit. Typically, that’s either “chase profit so the owners can cash out” or “focus on providing an actually good service/product so that profit/growth will follow”.
Private Equity is probably what you’re thinking about, where a PE firm purchases a company that’s either already private or they make it private again. There are many PE firms with many different management styles and goals, but the overwhelming majority have a goal of squeezing every last penny out of a company using any means necessary and fucking over the employees as much as possible before divesting it and moving to the next one.
yes i meant private equity specifically, you nailed it
Oh, lovely. Getting bought out by private equity is surely a sign that a company is doing well /s.
Let’s see how much worse EA gets as the private equity firm tries to extract even more value.
