DeepEnigma
Gold Member
So which is it? A okay for this to happen with a handwaving retort, or tax those cronies until they are worth a pittance?
I can't keep up with the dismissive ideological mental gymnastics.
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Billionaire George Soros Invests $45 Million into Activision Blizzard
- Thread starter Darkmakaimura
- Start date
So which is it? A okay for this to happen with a handwaving retort, or tax those cronies until they are worth a pittance?
I can't keep up with the dismissive ideological mental gymnastics.
Barnabot
Member
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Tarin02543
Member
love people by selling them digital crack cocaine.
archangelmorph
Member
This isn't news.
Likely isn't even specifically about Activision-Blizzard either...
Global fixed income markets today are running either flat or negative yields.
When large family offices that manage billionaire private wealth have large allocations of their investment portfolio sat in "safe" asset classes that right now aren't generating real returns as a function of the current state of the global economy, they need to scale up the portions of their portfolios that go into riskier assets that bring in the bacon to make up the returns.
This means proportionally more equity investments and hence, putting chunks into diversified businesses across the more "healthy" sectors of the global economy.
Video games isn't doing too badly and Activision-Blizzard is one of the more stable companies around. They also aren't going to be as badly hit in terms of cashflows by the manufacturing delays and disruptions that COVID-19 ripping it's way through most of East Asia is causing, in contrast to say a Nintendo, Sony or MS investment would see for example.
Finally, the other effects of COVID-19 ripping through the West and forcing potential shutdowns of schools, universities, private company remote/home working policies etc, is that there will likely be a marked increase in sales revenue for digital distributed games and IAPs, so a company doing most of it's near-to-mid-term revenue from those sales channels will likely do very well over the next several months.
So yeah...
This is about making a quick buck to ensure some large funds and family offices make up their annual ROI % targets.
Likely isn't even specifically about Activision-Blizzard either...
Global fixed income markets today are running either flat or negative yields.
When large family offices that manage billionaire private wealth have large allocations of their investment portfolio sat in "safe" asset classes that right now aren't generating real returns as a function of the current state of the global economy, they need to scale up the portions of their portfolios that go into riskier assets that bring in the bacon to make up the returns.
This means proportionally more equity investments and hence, putting chunks into diversified businesses across the more "healthy" sectors of the global economy.
Video games isn't doing too badly and Activision-Blizzard is one of the more stable companies around. They also aren't going to be as badly hit in terms of cashflows by the manufacturing delays and disruptions that COVID-19 ripping it's way through most of East Asia is causing, in contrast to say a Nintendo, Sony or MS investment would see for example.
Finally, the other effects of COVID-19 ripping through the West and forcing potential shutdowns of schools, universities, private company remote/home working policies etc, is that there will likely be a marked increase in sales revenue for digital distributed games and IAPs, so a company doing most of it's near-to-mid-term revenue from those sales channels will likely do very well over the next several months.
So yeah...
This is about making a quick buck to ensure some large funds and family offices make up their annual ROI % targets.
chitzy
Banned
Honestly a Call of Duty game that pitted Antifa against rednecks would be pretty interesting.
#Phonepunk#
Banned
wonder if this has anything to do with Blizzard/Activision being all buddy buddy with China. last time they were in the news, there were all kind of protests about how Blizzard was bowing down to China, while ignoring it's human right's abuses.
Soros putting in this much money towards a China friendly company is some spooky shit.
Soros putting in this much money towards a China friendly company is some spooky shit.
dude it's just billionaires who fund also politics and armies all over the world, directly putting tens of millions of dollars into your hobby, you should ignore it. it's cool to be ignorant! /s
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RainblowDash
Gold Member
Maybe with this influx of cash they can launch a game that isn't fucked up with problems...
EverydayBeast
thinks Halo Infinite is a new graphical benchmark
Nobody ever remembers billionaires who invest in millionaires.
CitizenX3639
Banned
I heard the first title he has pitched is black vs white.
IbizaPocholo
NeoGAFs Kent Brockman
reconminicon
Banned
Shut the front door. That cunt is not getting in my house. Fucking disgraceful. When's he due to die anyway? Someone hand him a bottle of Corona or summit....