this post was submitted on 17 May 2024
946 points (99.5% liked)
196
16601 readers
3623 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's stripping out the copper wiring for cash. Buy a game studio, fire all the employees. Now their paychecks can be served up as profit to shareholders. Move all the files to your servers, it's your "Intellectual Property". Sell off the computers and the desks and anything else not nailed down. Do they own the building? Great, sell that too! Or, better yet, rent it out!
Only works if the liquidated assets are worth more than the money spent acquiring them, which usually is not the case.
The liquidated assets are just a cherry on top, what they're going for is getting rid of the competition and hoarding IP for usual capitalist hoarder mentality reasons.