RIP Toys R Us
RIP Toys R Us
44 comments
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Excited to see the version of Call of Duty that the new Saudi owners produce.
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Battlefield surely?
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Don't forget Trump's son in law
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You mean Jared Kushner who along with the Saudis that bought EA?
Jared Kushner has a close relationship with Saudi Arabia, developing a strong alliance with Crown Prince Mohammed bin Salman during his time in the Trump administration. Since leaving office, Kushner has had significant business dealings with the kingdom, including a $2 billion investment from Saudi Arabia's sovereign wealth fund into his private equity firm, Affinity Partners. This relationship has drawn scrutiny from ethics experts and congressional investigators.
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Hopefully you won't experience it IRL.
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Gamer known as ea
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Private Equity . . . Hold my beer!
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I will never understand how leveraged buyouts are legal. I mean it somehow makes sense in its original form where workers were buying out the patron but now it is just weird.Edit: No this is actually fine if you think about it, it just feels wrong somehow.
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you don't understand why allowing someone to take on debt to purchase a business is legal?
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They should only be able to use their own capital for the loan, not the company they are buying putting up the majority of the capital. That's the problem with leveraged buyouts: you're effectively putting the company up for liquidation when that happens, because the buyer is likely going to gut and shutter the company so they end up with a profit in the end.
Ask Toys R Us about the process.
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You just described a situation that is not happening here. If you want to take on debt to buy a business, that might be reasonble. You, the person, BeeegScaaawyCripple, would assume the debt.
Of course PE doesn't work that way. The borrowers themselves are at no financial risk. That's the point, that's the scam.
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I just feels weird that you can use the value of the company you buy to buy said company. It just "feels" weird that you can get a loan and use whatever you buy as leverage.Now that I am typing that out that is not really different from getting a loan to buy a house. Never mind, I guess it just seems weird when it is such an insane sum of money ¯(ツ)/¯
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Private equity is destroying the west
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Come visit Canada if you are nostalgic for toys r us. They still exist. Also in Japan I believe
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I can't tell if they're an optimist or just naive.
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In his first term, the economy didn't tank. That's it, that's the difference.
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It did once his dead switches triggered. Remember that tax bill that gave everyone tax breaks for four years then jumped higher than before? Ya, that was intentional.
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Would they sell the rights of Dawngate? That's all Im asking for!
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They might actually try and sell every IP they can once they gathered as much info on users as they can.
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It's time to actually mean it and stop buying from them. No, I mean it. Stahp.
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Oh it's a private equity firm
44 comments
Toys R Us still lives in Canada. She's practically just as you remember her. And she's happy. 🥲
2 of the 4 stores in Ottawa just closed and a 3rd one is going to soon. I don’t think Toys R Us is doing that well.
Do we really need 4 physical stores in Ottawa, though? I mean yea it’s sprawled to shit but still. Looks like the Merivale is still going and it’s at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
If 1 is profitable and 3 aren't and it's a matter of geography, that's a sound business decision.
What kind of a sane business model would benefit from holding onto (and paying taxes on) property/assets that aren't profitable? 🧐
Except for the soft play area they're adding. She's enshittifying.
why is that enshittifying?