Update on Communication

Tencent already owns an 8% stake in this company...since 2017 (not hard data to find, all public)....and many others. Doesn't mean it is interested in buying. Such panic lol
tencent.png
 
I find it interesting posts in other forums regarding the silence of FDev are now being closed and pointed to this thread, which does little more than inform us that FDev knows they are being silent...and to deal with it. I haven't had a post removed (I can't see why discussing the company silence would be cause for closure, either) but I think it strange that discussion over a very pertinent topic to the game is being so heavily filtered and censored.

If we don't stop talking about your silence, it's because you're still not saying anything.

Nevermind those of us in the console community have largely resigned ourselves to not if, but when you're going to tell us EDO isn't possible or practical on lastgen. There has yet to be a recommitment to launch on console since EDO flopped on PC. A statement saying you're still aiming to release on console (eventually) would do wonders for player goodwill. We get EDO needs work. We understand getting it to work on console will be challenging.

You said it was coming. You don't have to say when.
You DO have to say it is still coming. That is why the silence is so deafening and distressing.

Reaffirmation of previous commitments is never a wrong move...unless, of course, you plan to break those commitments.
Then silence is probably best.
Hence our resignation. If you're silent...well, it still speaks.
 
Oh for...

Look lads. All this was based on a joke on our Discord server last week that got repeated on social media. It weirdly got picked up by someone in the Daily Mail (which should clue you in to its legitimacy) and redone by some financial blog, and then the youtube lads got their paws on it.

However.

It's completely and utterly irrelevant if someone wants to buy Frontier - David Braben is by far and away the chief shareholder, and as such can't be forced into a sale unless he wants to. Similarly, nobody's going to just "buy Elite off Frontier" unless DB decides to sell his IP.

Sorry lads. As someone who's weirdly picked up a reputation for being one of those "white knights", hate to burst ye're bubble that one armed with sacks of cash and an army of 1,000 developers is coming to the rescue.
 
Presumably they are closing other threads and printing them here so that - when that are ready to announce whatever it is that is still being discussed / agreed behind the scenes - they only have to reply to this thread.

That’s my take on it, anyway.

As for what they will announce? Who knows … I just hope it’s a positive announcement for the future of Elite … and I hope it’s made soon …
 
Presumably they are closing other threads and printing them here so that - when that are ready to announce whatever it is that is still being discussed / agreed behind the scenes - they only have to reply to this thread.

That’s my take on it, anyway.

As for what they will announce? Who knows … I just hope it’s a positive announcement for the future of Elite … and I hope it’s made soon …

Surely the new owners Tencent will announce something soon.
 
Presumably they are closing other threads and printing them here so that - when that are ready to announce whatever it is that is still being discussed / agreed behind the scenes - they only have to reply to this thread.

That’s my take on it, anyway.

As for what they will announce? Who knows … I just hope it’s a positive announcement for the future of Elite … and I hope it’s made soon …

If there is an announcement it will be a new thread.
 
However.

It's completely and utterly irrelevant if someone wants to buy Frontier - David Braben is by far and away the chief shareholder, and as such can't be forced into a sale unless he wants to.
It's its a publicly listed company. And 70 percent of shares are not owned by Braben. All you have to do to seize control is purchase more voting shares than Braben has, right?

EDIT:: Changed the OP quote being responded to becuase I posted the wrong one.
 
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Oh for...

Look lads. All this was based on a joke on our Discord server last week that got repeated on social media. It weirdly got picked up by someone in the Daily Mail (which should clue you in to its legitimacy) and redone by some financial blog, and then the youtube lads got their paws on it.

However.

It's completely and utterly irrelevant if someone wants to buy Frontier - David Braben is by far and away the chief shareholder, and as such can't be forced into a sale unless he wants to. Similarly, nobody's going to just "buy Elite off Frontier" unless DB decides to sell his IP.

Sorry lads. As someone who's weirdly picked up a reputation for being one of those "white knights", hate to burst ye're bubble that one armed with sacks of cash and an army of 1,000 developers is coming to the rescue.
Didn't know your discord was so famous lol!

Anyway, as you say, it's not credible that the silence is due to a take over. Much more credible is that they have a few people in the CM team that are out of sorts and they really feel they need to sort the console release one way or the other and are concentrating 100% on that: the longer they stay silent the more hopeful I'm getting, as it may mean they are still actually trying workable solutions to the problem. Perhaps I'm being over-optimistic but hey ..
 
Back then there was anything but silence; months before the takeover there was talk, lies and deception that bent the beam. We workers were the silent ones back in these days.

But the only thing chattering at the moment is us.

Somehow I have a feeling that some of us here are going to make a pretty stupid face shortly... 🥴
I`m not quite sure what you are getting at, but buying a controlling share in a publicly listed company is a well understood process.
If it were to happen, then we`ll learn about it as soon as the offer is put to the stock exchange. Theres not much else to say about it to be honest. They are a target, given the market conditions, and the share price. CM activity or lack thereof, is completley irrelevant.
 
It's its a publicly listed company. And 70 percent of shares are not owned by Braben. All you have to do to seize control is purchase more voting shares than Braben has, right?
Well, more voting shares than Braben plus the other shareholders who don't want to rock the boat, but yes.

Not everyone's actually going to show up and vote, so say you could do it with 40% of the shares.

At current market prices, even after recent drops in value, that'd cost you about £189 million - actually buying up that many shares in a short time would drive the price up significantly so you could easily end up paying £300 million for that.

There aren't many circumstances where it actually makes sense to spend that much money buying Frontier / replacing its leadership, obviously.
 
There aren't many circumstances where it actually makes sense to spend that much money buying Frontier / replacing its leadership, obviously.
What is playing on the back on my mind, is that in this calendar year, so far, there has been more global M&A activity in the games indistry than there was in the whole of last year, and last year was - up until then - the biggest year for M&A activity in the games industry in history.
 
What is playing on the back on my mind, is that in this calendar year, so far, there has been more global M&A activity in the games indistry than there was in the whole of last year, and last year was - up until then - the biggest year for M&A activity in the games industry in history.
That's to lock IP and future content into an exclusive digital distribution platforms. It's been happening in TV and film for longer. Big money is exchanging hands because its seen as necessary for survival against competitors, an auction situation where it inflates value. Again as mentioned before I don't see anything in Frontier branding or IP that would benefit a platform, they are relatively niche titles so any buyer would see a multi platform approach as being best option, so what would be the point in buying the company?! Only tenent makes sense as it wants a foot hold in new markets but they have already done that, not sure what more they would gain.
 
I find it interesting posts in other forums regarding the silence of FDev are now being closed and pointed to this thread, which does little more than inform us that FDev knows they are being silent...and to deal with it. I haven't had a post removed (I can't see why discussing the company silence would be cause for closure, either) but I think it strange that discussion over a very pertinent topic to the game is being so heavily filtered and censored.
The mods routinely close threads and direct people to a single thread to discuss particular topics. Happens all the time.

And the mods aren't privy to any secrets or implementing some super secret agenda to censor us idiots.
 
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