• Melkath@kbin.social
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    10 months ago

    Is that how this kind of thing usually works?

    Fire all of the talent that made the brand great and THEN sell the brand?

    Wait, I guess it makes sense. Fire everyone, sell to another company, then that company can try to rehire at a reduced salary.

    • FlumPHP@programming.devOP
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      10 months ago

      Wait, I guess it makes sense. Fire everyone, sell to another company, then that company can try to rehire at a reduced salary.

      Nah. They’ll sell in a leveraged buy-out, which will give the shareholders at Hasbro tons of money, cost Tencent nothing, and put the new D&D LLC in tons of debt. Then they’ll piecemeal out any IP or assets that can make them any money before letting D&D LLC go bankrupt. See what happened to Toys R’ Us for a past example.