SoraAlfheim

My biggest gripe was that they just brushed our Strange's relationship with Mordo away as like "Yea, he went evil and tried to kill me but you didn't get to see that".

First Also, just came back from seeing the movie It was good

But yes, they do have a pretty vast library of IPs. Although most of them are dormant.

> Twewy I mean... This one is extremely niche

No one Not even lawyers

No one likes lawyers

Could be Sometimes the potential small amount of money they'd get simply isn't worth the hassle of dealing with all the demons lawyers.

Yes, they can write off losses, but that write off is only a certain percentage of said loss. Usually, closing down a subsidiary means liquidating its assets. But when factoring in dept that has to be paid off first, those assets usually don't amount to much.

I've never understood why companies choose to close down subsidiaries instead of just selling them off on the cheap.

... "And I'm not even a politician"

Imagine having that on your résumé. "I singlehandedly pissed off an entire country with 126 million people."

For the record. Square Enix acquired Eidos (and Crysital Dynamics) for about 104 million dollars. And now they're selling them for 300 million dollars. Which is in line with my point above. I still think 300 million is a low-ball considering how much the video game market has grown in the past decade, but hey. 3x still ain't bad.

A 20-billion dollar sell-off of a subsidiary will create headlines.

Indeed. Though mostly at smaller scales than my example below.

Big Conglomerate Inc. buys small developer for 2 billion dollars. Big Conglomerate Inc. makes back that 2 billion on it ten-fold over a period of 10 years. Competing Conglomerate Inc. looks at that and offers 20 billion dollars to buy small developer from them. Thinking they could probably make even more by deploying their own strategies. Big Conglomerate Inc. is happy with that since they've made so much money already anyway, and they're not seeing how they could increase those earnings even further. And Competing Conglomerate obviously isn't gonna share their plans, so they decide to take the deal. This happens way more often than you might realize.

This

Hence why I vaguely said "the right price", which could literally be anything. The question remains; How long would a potential buyer we willing to wait before they've earned back the investment?

I mean, you can buy anything for the right price

And if the rumour ends up being true, then let's be real. Sony x Square Enix isn't exactly the most unimaginable ship.

They have subsidiaries in most countries, which is common for large companies like Sony

Yes, but they have a Japanese subsidiary

That is true. Both parties are Japanese, they don't even have to deal with the U.S on that I have no idea how strict Japan is when it comes to that though

Their IPs are worth more than their market cap

Square isn't really a "major company" on a global scale though They're comparatively small

Which is exactly why it would be a great time to get in. It would mean in the event of an acquisition, the premium would be pretty high.