Pearl Abyss reported to have put CCP up for sale
Seems Pearl Abyss is talking to other games companies as prospective buyers for CCP.
Puts the reason down to CCP falling short of expectations set at the time of purchase back in 2019. We know that, we have pointed out several times that Pearl Abyss had to write down the value of their investment in CCP to reflect their expectations not being met.
We have always known CCP was loss making
And I have been reporting for a long time that CCP does not make a profit. Most recently when i did a review of the 2024 Pearl Abyss Iceland Accounts we showed:
The shares of Pearl Abyss jumped on Tuesday - but that seems to be on speculation of Crimson Desert being released early in November but it seems Pearl Abyss has denied this.
What could CCP be worth?
That really depends on what the profits of Eve Online are, how the player numbers are trending and how CCP revenues are trending.
The good news is that revenues are rising. But where as in some industries we can use a multiple of revenues to get an idea of that a company is worth, i don't think we can do that for gaming companies.
So, for now, i am not really sure.
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