inclementimmigrantDec 3

It turns out Saudi Arabia will own 93.4 percent of EA if the buyout goes through, which is effectively all of it

https://lemmy.world/post/39664786

It turns out Saudi Arabia will own 93.4 percent of EA if the buyout goes through, which is effectively all of it - Lemmy.World

Lemmy

Show threadFedizenDec 3
How is this even legal?
Show threadokamiueru
What exactly about it is it you feel should be illegal?
Dec 3 at 4:18pmWeb
Show threadFedizenDec 3
Foreign country buying a US corporation.
Show threadBlaiz0rDec 3

US companies by foreign companies all the time, look at the food and drink corporations.

This is not a new or strange thing

Show threadcecilkorikDec 3
It’s definitely not new, but it’s time to start thinking about how strange it is, and start pulling these assholes off their money-merry-go-round.
Show threadtitanicxDec 3
It’s a world economy. What are you, some sort of maga twit America first and only bullshit?
Show threadcecilkorikDec 3
That is some very black or white, us or them, red team vs blue team thinking. It’s very interesting that you immediately jump to that conclusion when I am not even from the US at all. The answer to your question is absolutely not, and the fact that it’s a “world economy” doesn’t and shouldn’t mean any people are obligated to do business with and accept the controlling interest of literal monsters fueled by oil and oil money. Ethics must also be allowed to control the economy, not just money. The world’s financial systems have consequences beyond just the economy.
Show threadlololaDec 3
“Stop being such a fascist and let us do business with these fucking murderers”
Show threadtitanicxDec 4
I don’t want them to buy it. But there isn’t anything illegal with investors purchasing a company line this no matter where they are from. It’s just business, it really doesn’t matter who owns them, they suck no matter what 
Show threadFedizenDec 4
I think its more there is a certain level of baseline public investment in most corporations and it seems dumb to maintain the fiction that people’s livelihoods should be sold as a commodity, especially to a bunch of despots
Show threadBronzebeardDec 3
US Steel is now a Japanese company
Show threadFedizenDec 4

Except many foreign countries have stricter legal frameworks for corporations.

The “corporations are people” legal fiction means they have rights here. Citizen’s United has fucked this country in profoundly dumb ways.

Show threadgreenskyeDec 3
I’d think we’d be far more concerned about critical resource companies before we got to worrying about gaming companies, but we can’t even do that so I’m not surprised.