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[NickFire]

Shouldn't a reporter be using the dates when the deals actually closed?

Pretty sure the Bungie deal closed over two years ago and the ABK deal closed last fall. Closing and laying off within months is not the same as closing and laying off two years later.

 

[cinnamonandgravy]

If someone knocked on my door and offered to buy my house for like 3x what it’s worth, I’d take the money.

sure, but unlike a house, a studio produces goods (games).

and i like games. you probably do too.

so if a studio is mismanaged to death, and games are sacrificed for the financial gains of a few people, almost everyone loses.

you wont get my applause.

 

[porkchopexpress]

that green 1971 911 is a thing of beauty.

​

 

[EverydayBeast]

People are scrutinized for buying nice things I think because we know how valuable jobs are, or the economy or cnn blaming robots.

 

[Alebrije]

He is allowed to spend the money he earned by building the company and selling it however he wants.

 

[Jakk]

I feel like greedy assholes like this who just have no self-restraint and are completely out of touch with reality will be the reason more and more people are going to turn more towards communism, which is really unfortunate and dangerous.

Nothing he has done is illegal and it shouldn't be. Still, I would expect people like him to know better under those circumstances. By the way, his Twitter profile description says: "be brave, be kind. f- racism and social injustice". I'm dead.

 

[Angry_Megalodon]

Your argument that Sony - a multinational megacorp - has no sensible lawyers and accountants is fucking hilarious.

The acquisition price would have been largely based on IP value and annual revenues, plus future projections. Sony had half a year to work this deal.

The hilarious thing is to think that megacorps don't fuck up when we are witnessing this everyday. Microsoft, the most valued company in the world, is the laughing stock of the gaming industry. How many lawyers and finance nerds do you think they have?

Some of Sony's last acquisitions don't make sense, unless there's embezzlement rather than a "lack of vision".

My point is that Bungie fooled Sony into overpaying for the company. It's not illegal, but it's extremely unethical. Just a recent tweet in the same line:






Sony bought a corpse. Where were those lawyers and finance boys?

 

[Ozriel]

The hilarious thing is to think that megacorps don't fuck up when we are witnessing this everyday. Microsoft, the most valued company in the world, is the laughing stock of the gaming industry. How many lawyers and finance nerds do you think they have?

They aren’t the ‘laughing stock’ because they overpaid for an acquisition. Youre really bad at analogies, aren’t ya?

My point is that Bungie fooled Sony into overpaying for the company. It's not illegal, but it's extremely unethical. Just a recent tweet in the same line:


Sony bought a corpse. Where were those lawyers and finance boys?

When you’re selling something, it’s in your best interest to drive up the selling price. Nothing about that is ‘extremely unethical’. At all.

 

[clarky]

Lovely motor this.

 

[Kacho]

The idea that we’re supposed to be generically outraged by a guy spending the money her earned is ridiculous.

 

[clarky]

The idea that we’re supposed to be generically outraged by a guy spending the money her earned is ridiculous.

Yup dude cashed out and is spending his money. Zero issue.

 

[Men_in_Boxes]

The hilarious thing is to think that megacorps don't fuck up when we are witnessing this everyday. Microsoft, the most valued company in the world, is the laughing stock of the gaming industry. How many lawyers and finance nerds do you think they have?

Some of Sony's last acquisitions don't make sense, unless there's embezzlement rather than a "lack of vision".

My point is that Bungie fooled Sony into overpaying for the company. It's not illegal, but it's extremely unethical. Just a recent tweet in the same line:






Sony bought a corpse. Where were those lawyers and finance boys?

I like how ex employees are like "The studio oversold themselves to Sony" like that isn't what everyone does when selling anything to anybody since the dawn of time.

 

[Luc2010]

People need to let go of their envy and jealousy! You will feel better about yourself.

 

[poodaddy]

People are scrutinized for buying nice things I think because we know how valuable jobs are, or the economy or cnn blaming robots.

 

[Melfice7]

Was it not his money? if it was, why is this news?

 

[simpatico]

Sony fucked up paying so much for bungie, what should the guy do- deny freebie ?

News - BREAKING: Sony is acquiring Bungie for 3.6b

https://www.gamesindustry.biz/articles/2022-01-31-sony-buying-bungie-for-usd3-6-billion More Info for Destiny 2 Players: https://www.bungie.net/en/News/Article/50989 Edit 2: PlayStation: Bungie deal is about multiplatform, live-service games. Future Bungie releases to remain...

www.neogaf.com

That was literally enough money for 10 AAA high quality exclusives wasted for nothing, but again, blame stupid sony board/heads, not the guy who benefits.

Don't forget, after they spent the $3.6b they also got on the hook for weekly payroll, other compensation, building costs. How much do we wanna guess it costs to keep the lights on at Bungie for 1 month? How much productive work gets done in that month I wonder?

 

[ChorizoPicozo]

yep... Sony paid 4B to get fucked....i would be super mega pissed crying in the shower

 

[fart town usa]

Don't forget, after they spent the $3.6b they also got on the hook for weekly payroll, other compensation, building costs. How much do we wanna guess it costs to keep the lights on at Bungie for 1 month? How much productive work gets done in that month I wonder?

lmao. I forgot about that aspect, glad you brought it up. What an absolute disaster.

 

[Perrott]

point is he made a bunch of money by bailing on a dying company, a company he was responsible for
fix the company's/his mistakes, or just sell and say bye-bye? he chose the later

personally, id rather have a good game studio around instead of some dudes buying cars

and as a european classic car enthusiast, he has some questionable taste

If anything, selling Bungie is what prevented their innevitable downfall under his command to be even more severe: without a parent company, all those 240 developers who are expected to joining SIE and PS Studios over the next months would've instead been laid off, just like the their other 220 co-workers.

As I've been saying, there's no connection between his personal wealth and what he does with it and the poor way he's been running Bungie. If the man just doesn't have the right vision and leadership chops to properly run a 1300 people company, then in what way not spending any personal money on cars would've helped Bungie?

 

[MiguelItUp]

Yes, CEOs make a lot of money in most cases, sometimes it feels like "too much" money. But this shouldn't be surprising to anyone. Dude has the money, the dude spends it, whatever.

 

[AmuroChan]

This is the incentive of entrepreneurship. You start a company, do really well, and then sell it for millions/billions later on. There's nothing unfair about it. Literally any person can start a business. It comes down to whether you have the will, ambition, and the mental fortitude to risk it all. I personally do not, but my wife did, and she now runs a successful firm as the CEO.

 

[Kupfer]

What was the correct way for him to spend his money?

Like I said, it's his money, but not being an asshole while spending it would be a start

 

[Mr Reasonable]

Shouldn't a reporter be using the dates when the deals actually closed?

Pretty sure the Bungie deal closed over two years ago and the ABK deal closed last fall. Closing and laying off within months is not the same as closing and laying off two years later.

I think the point is the layoffs, not the consolewars.

 

[NickFire]

I think the point is the layoffs, not the consolewars.

No need to list dates of purchase if his only intent is to highlight layoffs.

And taking note of actual sale dates (closing dates) is not console wars. Data is data.

 

[adamsapple]

No need to list dates of purchase if his only intent is to highlight layoffs.

And taking note of actual sale dates (closing dates) is not console wars. Data is data.

Keep in mind they had a round of lay-offs less than 12 months ago as well.

 

[EviLore]

1. Build a company
2. Sell it
3. Enjoy life
4. “How dare you”

 

[NickFire]

Keep in mind they had a round of lay-offs less than 12 months ago as well.

Nothing to keep in mind. I go by closing dates to determine purchase dates. That’s it.

 

[DonkeyPunchJr]

Bungie employees should be praising him and thanking him. Selling the company to Sony was the only way they could afford to keep the adult daycare open this long.

 

[Angry_Megalodon]

When you’re selling something, it’s in your best interest to drive up the selling price. Nothing about that is ‘extremely unethical’. At all.

Here you have another analogy: If I sell you a house with faulty materials and later on you have leaks or a fucking wall collapses, it was in my best interest to scam a fool like you, but it wasn't ethical, let alone legal.

This man sold a DYING company for an overprice under shady/false conditions, every move he has made in the last years supports this theory and his behavior is the one of a serial fraud perpetrator.

I'm appalled at the strawman arguments to justify this corruption. Nobody gives a fuck how he spends his money, what bothers us is that the guy has a personal responsibility for the bad finances of the company and is profiting off it. He shouldn't get any money if the company is in the reds, this is basic financial sense.