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nanoUFO@sh.itjust.works

Embracer saddles Asmodee with €900 million debt, cuts it loose (www.wargamer.com)

submitted 7 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works

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[–] bionicjoey@lemmy.ca 12 points 7 months ago

Isn't this basically what Enron did?

[–] fckreddit@lemmy.ml 6 points 7 months ago

Is this even legal? The companies that gave money to Embracer would lose their money, instead of Embracer who is responsible for the loss. Sounds fucked up to be honest.

[–] sylver_dragon@lemmy.world 1 points 7 months ago

So, how long before there's a fire sale at Asmodee, selling off all the valuable titles while the company itself craters under this debt burden?

[–] mindbleach@sh.itjust.works 1 points 7 months ago

Their CFO is a sovereign citizen.