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Re: THQ Investors Call Shenanigans |
Jan 4, 2013, 11:06 |
Beamer |
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Tipsy McStagger wrote on Jan 4, 2013, 10:54:
Wow, This really, really sucks. I have loved and purchased most THQ games. I especially loved Space Marine and Dawn of War series. To learn that management probably sank this company into the abyss and then tried to fleece it for even more is down right infuriating.
Where the hell am I going to get my Warhammer 40k fix now?
First off, make sure you read it and judge for yourself.
Second off, remember that this is coming from a bunch of rich white guys. They're every bit as self-interested, if not more so, than management.
One argument it makes is that the sale is designed to keep THQ together. While this saves management jobs, it also saves employee jobs. It keeps the studios and IP together. This shareholder group is arguing there would likely be more value in selling them separately. Know what happens when they're sold separately? EA buys the IP and the studios get liquidated.
Don't feel bad, or necessarily side with, these shareholders. Even if their points are valid they're ultimately pissed that they may only make a few million instead of several million because this deal is designed to keep THQ together and keep jobs for as many people, not just management, as possible.
Jason Rubin tends to be a really, really employee friendly guy. No surprise the deal is structured to get less value for shareholders but keep the individual studios funded and developing (e.g., keep those developer seats full.) |
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