Comments 3,708

Re: 5% Of Capcom Acquired By Saudi Arabia's Public Investment Fund

ThomasBW84

@Pokester99 With respect, the fact is we've written two articles about the Saudi Arabian authorities' investments. This one, and one about the Mohammad bin Salman Charity Foundation purchasing shares in SNK back in November 2020. Your remark about 'constant negative coverage' is inaccurate by any metric.

As I've also said, criticism of a government or authorities is not a criticism of a country's people.

Perhaps nothing I say will be persuasive to you, but I needed to point out that inaccuracy from your comment.

With respect, that'll be my last contribution to this thread, I've made my position as clear as I can.

Re: 5% Of Capcom Acquired By Saudi Arabia's Public Investment Fund

ThomasBW84

@Pokester99 From my perspective there are a few things at play, but I'll stick specifically obviously to the context of writing about gaming news on Nintendo Life.

The PIF investment is a sovereign state fund, so it's a financial instrument for the country's government to invest and purchase various assets. As a result the fund isn't separate from the country's authorities, which is why I mentioned those points at the end. In the case of Newcastle FC that takeover was held up for over a year due to debates around whether PIF passed the 'fit and proper' owner tests, due to those human rights issues.

The key is that it's a sovereign fund, not just a corporation based in a country. We do give context around issues when companies are involved too, for example when we write about Activision Blizzard we often highlight their ongoing issues. We endeavour to give that context when appropriate.

I'll leave it to moderators, but I do not appreciate the 'racist vibes' comment. If you think that about me by all means report me, but you are way, way off base on that.

Re: Soapbox: Don't Cheer For Corporate Takeovers - It's Not A Game

ThomasBW84

@Tasuki Well, for the record I'm not keen on these acquisitions even in the unlikely event Nintendo starts doing it, the point of the piece is to highlight issues around these sorts of consolidation moves. I appreciate your message might be to everyone, but in case it was directed at me for the article...

I think there's a difference, also, from companies acquiring majority shareholding in partners they were already working with exclusively for a lengthy period (Sony and Nintendo both do this, in particular), and dropping billions on multi-platform companies. There's differences in intent and how those moves impact the wider industry. We're not at the point where it's breaking things yet, but we're closer than we were before.