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Forums > Home› Player Corner› Off Topic

So this is interesting, I wonder how this might effect us.

charononuscharononus Member Posts: 5,715 Arc User
edited January 2015 in Off Topic
http://massively.joystiq.com/2015/01/05/perfect-world-founder-looking-to-take-the-company-private/

TL:DR PW the parent of PWE is going to potentially go private instead of public.
Post edited by Unknown User on

Comments

  • ironzerg79ironzerg79 Member, Neverwinter Moderator, NW M9 Playtest Posts: 4,942 Arc User
    edited January 2015
    It is interesting. Maybe he's wealthy enough that he'd rather own his company outright, and now have to worry about be held responsible to shareholders.

    Perhaps he was in the shower one morning and decided, "Screw the money and the shareholders. I just want to finance great games!"

    /dream
    "Meanwhile in the moderator's lounge..."
    i7TZDZK.gif?1
  • g0dfr3yg0dfr3y Member Posts: 48 Arc User
    edited January 2015
    I think this is something companies do when they no longer foresee making big investments in their business. You'd look foolish going private if you needed to issue new stock in a year. Although, I don't know whether gaming companies do finance new titles with stock issues.

    Perhaps they will sell Cryptic or perhaps the focus will change from expensive MMOs to cheap mobile games. I don't think it's bad news for Neverwinter -- if anything, it's good news -- but, if you're a fan of Cryptic and hoping for a new MMO from them... it's ominous.
  • eldartheldarth Member Posts: 4,494 Arc User
    edited January 2015
    ...or, you buy the company back at a reasonable price, squeeze profit out of everything as fast as possible with no care about long term consequences, then retire and sell the company at an artificially inflated net worth.
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  • warpetwarpet Member Posts: 1,969 Arc User
    edited January 2015
    charononus wrote: »
    http://massively.joystiq.com/2015/01/05/perfect-world-founder-looking-to-take-the-company-private/

    TL:DR PW the parent of PWE is going to potentially go private instead of public.

    i dont think anything will change since person who offered buy out is founder and he all ready have some 65% of stocks
  • rashylewizzrashylewizz Member Posts: 4,265 Bounty Hunter
    edited January 2015
    Could really go either way as good or bad news
  • colonelwingcolonelwing Member Posts: 1,448 Arc User
    edited January 2015
    g0dfr3y wrote: »
    -- if anything, it's good news -- but, if you're a fan of Cryptic and hoping for a new MMO from them... it's ominous.

    Not really, i remember them stating they already started developing another mmo. Right after Neverwinter launch. Sadly, i cannot find the video in which this was stated, anymore. I believe it was one of the longer Q&A videos with Andy Velasquez. (correct me if i'm wrong, don't wanna spread false information)

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