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Kushner engineers sale of American company EA to Saudi Arabia.

BabaVoss

Rational : Socially Liberal, Fiscally Conservative
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is this winning, trump family style?

MAGA?

Make Arabia Great Again?

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Portland “looks like a war zone”.

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“A year ago we were a dead country.”

Really.
 
I view the whole industry of 'sovereign wealth funds' as a danger of oligarchy and tyranny.

Publicly owned companies are already enough of an issue, with stock ownership highly concentrated with the wealthy. 10% own 90% of stocks. But private companies deny even that much 'sharing of wealth', especially notable, Koch Industries, but this Saudi purchase of EA is another example. That's another large company where all profits will go to one country's dictator. Oh, and no doubt some share to Kushner.
 
Ok, so we know anything associated with Trump is bad. Move along now!
 
"Net revenue was $1.671 billion for the quarter."

Is that worth $55 billion? Is Saudi Arabia wanting to buy influence in the US, with its creating an alternative golf league from the PGA, now buying the top company making sport games?
 
I know that Trump opened up AI chip sales to the Middle East, I'm wondering what else he's been giving them. The Saudi Arabian griftfest has been going on since Trump's first term.
 
Craig234 said:
"Net revenue was $1.671 billion for the quarter."

Is that worth $55 billion? Is Saudi Arabia wanting to buy influence in the US, with its creating an alternative golf league from the PGA, now buying the top company making sport games?
Click to expand...


Current market cap is ~$50.5B. So, the answer is: Maybe.
 
Interesting that there is no reaction this: "I view the whole industry of 'sovereign wealth funds' as a danger of oligarchy and tyranny."
 
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