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Comment: Re:Dumb move by EA (Score 1) 89

by i8-p (#20956691) Attached to: Fallout From the BioWare/Pandemic Buyout
Remember that this is the second time Riccitiello has bought Bioware and Pandemic. The first time was as a partner in Elevation Partners, the private equity firm that has owned the studios for the past two years. I don't remember seeing an exedus when Elevation bought them. A big part of the reason is that PE folks are very wary of key employees jumping ship and taking the value they just bought with them, so they give them $$ incentives to stay. The same will stay true here; employees won't be cashing out. The deal includes $155M of equity in EA to go to the acquired company, which is most likely earmarked for employee incentives.

Also, to respond to the initial post, if people were surprised by this move, they haven't been paying attention. When Riccitiello left Elevation to re-join EA, it was only a matter of time until EA bought these studios. Private equity shops don't buy companies to hold onto them for the long haul; they either cobble together critical mass, or sell out. And given Riccitiello's affiliation, did anyone see his old partners selling to anyone else?
PC Games (Games)

+ - Woman trades sex for WOW gold

Submitted by JTT
JTT (666) writes "There are multiple sites reporting that in April a woman used craigslist to trade sex for WOW gold in order to purchase an 'Epic Flying Mount'. Aparent pictures of the craigslist ads can also be found floating around the net. The 'player' followed up with 'I got MY epic mount AND I got laid which is more than most of you failures can ever hope for.'"

Physician: One upon whom we set our hopes when ill and our dogs when well. -- Ambrose Bierce

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