I’ve not heard the term privatisation used in this way. This company is already privately owned, just not by a single individual or entity. That’s not the same thing as being publicly owned, at least here in Australia it’s not.
A “public company” is one that has shares that are publicly traded. Common terminology, but yes it is confusing compared to private vs state ownership.
Edit: you’re right though, using “privatisation” is doubly confusing… That’s not so common. Perhaps that’s what you meant!
Yeah that’s what I meant 👍
I was more used to hearing privatization referring to a government owned entity passing to private interests, but I did a quick search and found out it can mean both things:
Privatization occurs when a government-owned business, operation, or property becomes owned by a private, nongovernment party.
Privatization also may describe a transition that takes a company from being publicly traded to becoming privately held. This is referred to as corporate privatization.
Neat. Thanks. It must be unusual though. That publication seems to have only used it in the title because it’s part of a quote that is the basis for the article. They don’t use that phrasing anywhere else except in a longer quote in the body. Elsewhere they use more common phrasing like ‘go private’.
Maybe going private is good? Then they might not be beholden to investors who want a quick buck.
Private owner like that will most probably just see it as investment. Buy low, replace workforce for fast revenue spike, limit provided service to milk it even more, sell before feedback loop hits. In bulk or piece by piece
Private company going private will fix the greed for sure. China is known only for good things
I’ve heard rumours of a buyout. Its sad I really used to enjoy a lot of their games and now they’re just not interesting at all.
The buyers are the Guillmots and Tencet, which are the groups who already control everything. It’s just a way to get scrutiny off of them.
AC Black Flag is one of the greatest pirate games of all times. It’s right up there with Monkey Island.
Ya that game rules. I was also a massive fan of rainbow 6 Vegas 2 back in the day.
I enjoyed Splinter Cell quite a lot
Dismantle and put all games and IPs in the public space for the crimes committed by the publisher. (and by that I mean actual crimes like sexual harassment, not making mid games).
It won’t happen because in today’s world, shit goes to the highest bidder instead of any social justice being delivered, but a donut can dream!
