Assassin's Creed Shadows

jayrebb · Monday at 2:59 PM

Going to be a lot of angry bag holders.

Gavinmad · Monday at 5:02 PM

It's not like the parent company doesnt still ultimately own all the assets transferred to the subsidiary. Maybe Ubisoft is just as bad at financial fraud as they are at video game development.

Bald Brah · Monday at 6:19 PM

Should have shorted the fuck out of this stock. And Tesla.

Ukerric · Tuesday at 5:38 AM

Gavinmad said:
It's not like the parent company doesnt still ultimately own all the assets transferred to the subsidiary. Maybe Ubisoft is just as bad at financial fraud as they are at video game development.

The subsidiary has a permanent, worldwide, yadda yadda, exclusive right to the IP.

Meaning no one but the subsidiary can make those games. Not even main Ubisoft.

Gavinmad · Tuesday at 5:49 AM

Ukerric said:
The subsidiary has a permanent, worldwide, yadda yadda, exclusive right to the IP.

Meaning no one but the subsidiary can make those games. Not even main Ubisoft.

Ukerric said:
All the real values of Ubisoft is now in the subsidiary. The old Ubisoft can now go bankrupt, be forced to sell their subsidiary stock (to Tencent), and leave the old stockholders holding the crumbs after the Guillemot take their golden parachutes.

Maybe I'm misunderstanding something but based on my recollection of when THQ declared bankruptcy (granted American company vs French one) you can't just play a shell game with a subsidiary studio because they'll all be seized and auctioned off to satisfy your creditors. Tencent wouldn't get any kind of special deal or priority.

Ukerric · Tuesday at 9:00 AM

Gavinmad said:
Maybe I'm misunderstanding something but based on my recollection of when THQ declared bankruptcy (granted American company vs French one) you can't just play a shell game with a subsidiary studio because they'll all be seized and auctioned off to satisfy your creditors. Tencent wouldn't get any kind of special deal or priority.

Fairly obviously, Tencent thinks so.

Cad · Tuesday at 9:13 AM

Gavinmad said:
Maybe I'm misunderstanding something but based on my recollection of when THQ declared bankruptcy (granted American company vs French one) you can't just play a shell game with a subsidiary studio because they'll all be seized and auctioned off to satisfy your creditors. Tencent wouldn't get any kind of special deal or priority.

Its fairly common to sell off the assets of a company for whatever you can get and the debts stay behind to be satisfied with whatever you could get for the assets. The assets can go to a "clean" company and the debtors get fucked. It's not a shell game its an asset purchase, if the entities are too closely related then courts may claw it back, but if it's a true third party buying the assets it will happen.