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Gen Con Aquisition Group described as "hostile takeover bid"

Started by Abyssal Maw, December 02, 2008, 02:42:05 PM

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Abyssal Maw

http://www.forbeck.com/2008/12/02/gen-con-for-sale%E2%80%94but-not-really/

"...Then someone stepped in and made an offer for the company. This, as it later became clear, was a hostile takeover bid by a mysterious company known only as the Gen Con Acquisition Group. The offer’s intent was to snatch up the company at bankruptcy prices while it was at its most vulnerable."

These people should step forward so that they can be boycotted.
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Spinachcat

Quote from: Abyssal Maw;270736These people should step forward so that they can be boycotted.

Now there's some motivation!

Why would you have any problem with a hostile takeover?   It was a smart attempt by someone hoping they could buy something at its cheapest.   That's Business 101 practiced at every flea market across America.

Kinda like how Peter bought TSR...when the company was on its knees.

Aos

Speaking of TSR- my wild ass, completely baseless guess, is that it is Hasbro.
You are posting in a troll thread.

Metal Earth

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Ian Absentia

Quote from: Spinachcat;270746Kinda like how Peter bought TSR...when the company was on its knees.
And just look what he did to the D&D brand.  That bastard.

!i!

(P.S. Hasbro?  Really?  Do you think they want to tie any more weight to their ankles with the D&D property?)

Spinachcat

Quote from: Aos;270747Speaking of TSR- my wild ass, completely baseless guess, is that it is Hasbro.

WotC already has the D&D Experience (DDXP) convention and the Magic Pro Tour conventions.  They would not want a convention that showcases stuff other than their IP.

Aos

I think they want to take it and twist it to their own evil ends and bring an end to democracy and freedom as we know it! This, among other reasons, is why I must, once again, urge all of you to rise up and name me your Emperor. the only way I can can protect your rights is if I have the power of life and death over each and every one of you.
You are posting in a troll thread.

Metal Earth

Cosmic Tales- Webcomic

boulet

Quote from: Aos;270750I think they want to take it and twist it to their own evil ends and bring an end to democracy and freedom as we know it! This, among other reasons, is why I must, once again, urge all of you to rise up and name me your Emperor. the only way I can can protect your rights is if I have the power of life and death over each and every one of you.
I agree on the condition that you offer mountain dew instead of kool-aid

flyerfan1991

Quote from: Spinachcat;270749WotC already has the D&D Experience (DDXP) convention and the Magic Pro Tour conventions.  They would not want a convention that showcases stuff other than their IP.

Not to pile onto a conspiracy theory, but there have been numerous examples of companies buying competing properties with the sole purpose of taking a few choice bits (the name, for example) and then shutting down the competing property and sitting on the license.

If Hasbro were to do this, they'd take the GenCon name, maybe a few other things associated with GenCon, and then shut down any currently existing GenCons.  The D&DXP could be renamed GenCon and showcase only Hasbro stuff.

Do I think it likely?  No.  They wouldn't be using a Kentucky lawyer for the acquisition team, IMHO.

--Mike L.

CavScout

Quote from: Abyssal Maw;270736These people should step forward so that they can be boycotted.

Why exactly?
"Who\'s the more foolish: The fool, or the fool who follows him?" -Obi-Wan

Playing: Heavy Gear TRPG, COD: World at War PC, Left4Dead PC, Fable 2 X360

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Aos

Because I need a visible enemy to denounce. It's how these things work.
You are posting in a troll thread.

Metal Earth

Cosmic Tales- Webcomic

Balbinus

Quote from: CavScout;270754Why exactly?

I don't think that bit of the OP quite works, if you want to buy something you want to buy it as cheaply as you can.  If that means a hostile bid, so it goes, that's business.

If you want a company, snatching it up at bankruptcy prices seems sensible, and if you have shareholders of your own then you're obliged to maximise their profits.

Call me a capitalist bastard, but I don't have a problem with that.

KenHR

Quote from: Balbinus;270758I don't think that bit of the OP quite works, if you want to buy something you want to buy it as cheaply as you can.  If that means a hostile bid, so it goes, that's business.

If you want a company, snatching it up at bankruptcy prices seems sensible, and if you have shareholders of your own then you're obliged to maximise their profits.

Call me a capitalist bastard, but I don't have a problem with that.

Once again, Balbinus speaks truth.
For fuck\'s sake, these are games, people.

And no one gives a fuck about your ignore list.


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CavScout

Quote from: Balbinus;270758I don't think that bit of the OP quite works, if you want to buy something you want to buy it as cheaply as you can.  If that means a hostile bid, so it goes, that's business.

If you want a company, snatching it up at bankruptcy prices seems sensible, and if you have shareholders of your own then you're obliged to maximise their profits.

Call me a capitalist bastard, but I don't have a problem with that.

Exactly, which is why I don't understand why you would boycott the potential buyers.
"Who\'s the more foolish: The fool, or the fool who follows him?" -Obi-Wan

Playing: Heavy Gear TRPG, COD: World at War PC, Left4Dead PC, Fable 2 X360

Reading: Fighter Wing Just Read: The Orc King: Transitions, Book I Read Recently: An Army at Dawn

Ian Absentia


Seanchai

Quote from: KenHR;270759Once again, Balbinus speaks truth.

I concur. Folks want to buy a business as cheaply as possible? The horror! The horror!

Seanchai
"Thus tens of children were left holding the bag. And it was a bag bereft of both Hellscream and allowance money."

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