Hi HODLers, Hiveans and Lions,
Electronic Arts sold more than seven million copies of its new Battlefield 6 title in the first three days of release. Analysts were expected numbers to be north of 5.5mn copies.
What was interesting is that apparently 15%+ of the sales came from China. That was surprising to me.
Battlefield 6 Official Trailer
The company has recently been taken private by a consortium of Private Investors led by Saudi Arabia and close family members to the Trump family.
As I was an investor in the stock and was expecting Battlefield 6 to be a hit, I was quite disappointed even if we got a 25/30% premium. I truly believed Battlefield could help Electronic Arts double its revenues and maybe triple its profits over the next 12 months.
Recently, some US senators have voiced concerns over foreign influence and privacy concerns over the data of US players/households.
I would love if this deal was broken up. Nevertheless, I think the probability is quite low. As mentioned previously, this deal was led by Jared Kushner, DJT's son in law.
Kushner's firm, Affinity Partners, is the intermediary, leveraging his past ties to the Saudi government.
What do you think about the US letting this deal happen? What about Trump's son in law using his influence to make it happen?
Stay safe out there,