Tencent has Invested in Grinding Gear Games

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Balantakos wrote:

I hope you make the right decision Chris...

ohhh trust me he made the right decision for himself not for poe i would've done same thing even sooner he only human after all not a god...

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deMoxE wrote:

No they can't change any agreement, you are confusing this with some corpo scenarios from movies.

GGG, is private limited company as such they may have any sort of inside rules like:

In order to change the management of the company a majority of 90% is required.

No.

Godspeed

I'm disappointed in this change. Myself and many others supported you as an indie company.

Though I can't say GGG doesn't deserve the payout, I worry the direction of the game over the coming years.

guys,
can we please just wait and see what happens next?

ofc tencent has a failrate of investments when u are as big as them, not every investment can turn into a cinderella story. But we as a community should try to do our best to make this a cinderella story. And i dont think throwing more money at GGG is the best we can do, especially after a big investor just joined.

what is the best we can do?
i think being friendly, helpful to noobs, active on the forums in a constructive way goes a really long!

what should we avoid as a community?
being pessimistic crybabies about the future and potentially scare away possible new members of our awesome community. (also pls check out the term "self-fulfilling prophecy", its really, really helpful to be aware of this concept!)

and please stop this "chinese money is dirty money" prejudge shit. THATS NOT HELPFUL AT ALL!

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Sabranic_SilverDeth wrote:

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deMoxE wrote:

No they can't change any agreement, you are confusing this with some corpo scenarios from movies.

GGG, is private limited company as such they may have any sort of inside rules like:

In order to change the management of the company a majority of 90% is required.

No.

Yes, you can literally create any sort of rules for private company, as long as they are within the law.

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deMoxE wrote:

Yes, you can literally create any sort of rules for private company, as long as they are within the law.

...and then use your controlling interest to modify these rules in any fashion you chose, for any reason. There is only ONE way GGG could have retained power in this acquisition, and I sincerely doubt Tencent would have permitted their 80% of the shares to have been regulated to "non-voting" status.

To pile on further, this is not legal in every country. Even for a private company.

This article is enlightening

EDIT: Tencent is worth 800billion, not the deal. Poorly worded IMO.

Nothing good for the playerbase ever comes out of such decisions, feelsbadman :(

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Sabranic_SilverDeth wrote:

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deMoxE wrote:

Yes, you can literally create any sort of rules for private company, as long as they are within the law.

...and then use your controlling interest to modify these rules in any fashion you chose, for any reason. There is only ONE way GGG could have retained power in this acquisition, and I sincerely doubt Tencent would have permitted their 80% of the shares to have been delegated to "non-voting" status.

To pile on further, this is not legal in every country. Even for a private company.

In such case you can't modify the rules because the rules state you need 90% votes and you only have 80% votes (at best).

Not all shares must have the same voting power they might own shares with 1/10 voting power. So they can participate 80% in profit and 1/10th in actual control / management.

You can do things like that so both the investor (participate in profits in relation to his investment) and company founder (remains in control) both have their interest secured as they see fit.

To counter your argument, I don't see how GGG would give up control over their baby.