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After a day of news about the acquisition of Trion Worlds by Gamigo, the German games publisher has finally issued its official statement. The press release cites three main points about the buyout including extending its games portfolio, the strengthening of its position "as a leading EU and American gaming company" and the potential revenue increase as a result of the Trion World's IPs.
Comments
Doubt Atlas Reactor makes it out of this intact either
The way they talked to the community (with 2-3 exceptions in the community team), they should be ashamed.
All higher management in any company acts like this. They have, what I like to call, VP speak. This whole corporate ass-kissing, everything is so happy, cheery and positive, full of optimism, rainbows, and sunshine drek they spit out that makes them seem like a 5 year old on crack.
Sadly the only thing that makes it worse in my eyes is when they incorporate hand gestures and high fives into their speeches. Enough to make me want to vomit right there.
In California it keeps the bankrupcy out of the courts.
http://usisg.com/?page_id=39
https://www.nolo.com/legal-encyclopedia/free-books/small-business-book/chapter13-3.html
"True friends stab you in the front." | Oscar Wilde
"I need to finish" - Christian Wolff: The Accountant
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
Sounds like they owed a pretty penny and their debt was acquired by Gamigo .
"Employee Priority. Employee and other claim priorities are governed by state law and may involve different amounts than apply under the Bankruptcy Code. In California, for example, the employee wage and salary priority is $4,300, not the $10,950 amount currently in force under the Bankruptcy Code."
https://bankruptcy.cooley.com/2008/03/articles/business-bankruptcy-issues/assignments-for-the-benefit-of-creditors-simple-as-abc/
"True friends stab you in the front." | Oscar Wilde
"I need to finish" - Christian Wolff: The Accountant
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
And: Acquired the "major assets" of Trion World Inc.
What it doesn't say is that Gamigo bought Trion Worlds Inc.
Could well mean that some "debt" or "liabilities" have been left with Trion Worlds Inc. - severance packages maybe? I suppose if Gamigo paid any money - other than taking on debt - there may be hope for those who now seem to be out of a job.
So.....Trion went to Gamigo asking for a favor and then Gamigo made them an offer they couldn't refuse. This is what Mafia 3 really should've been about.
My Skyrim, Fallout 4, Starbound and WoW + other game mods at MODDB:
https://www.moddb.com/mods/skyrim-anime-overhaul
Rest assured people do talk like that.
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Godfred's Tomb Trailer: https://youtu.be/-nsXGddj_4w
Original Skyrim: https://www.nexusmods.com/skyrim/mods/109547
Serph toze kindly has started a walk-through. https://youtu.be/UIelCK-lldo
Pretty much shows that Trion was on it's last legs. They were bankrupt, and were lucky to find a buyer.
If Trion wasn't sold, they would not have lasted that much longer.
You can see my sci-fi/WW2 book recommendations.
Probably some others on the brink currently
"True friends stab you in the front." | Oscar Wilde
"I need to finish" - Christian Wolff: The Accountant
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
Day Break Games anyone?!
As has been mentioned a few times in broader terms of changes...How in the name of all that's Holy is Day Break Games operating, (Not including rumors of strange money moving), and taking that thought exercise and applying it to what I said at the beginning, are we looking at these guys revenue in to narrow of a view.