Elisa acquires Sulake

Lets just hope Elisa doesn't turn Habbo into a gaming platform :/.

O.o they aim to buy the rest of the shares by the end of the month so they will have 100% ownership in Sulake, not just controlling share. This will make a big difference, before with only a 24% stake they would of had little influence over the direction of the company, they've bought Sampoo and Aapo out who before seemed to retain a controlling share.
Surprised anyone's interested in it if those figures are correct and its revenue has dropped that dramatically. The fact it now only employs 50 people worldwide with no local offices is crazy. Although I don't visit much anymore would be a shame if they just bled Habbo dry, hope they do something with it...got a feeling they didn't buy Sulake for Habbo though. :¬:

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Originally Posted by Bob1

O.o they aim to buy the rest of the shares by the end of the month so they will have 100% ownership in Sulake, not just controlling share. This will make a big difference, before with only a 24% stake they would of had little influence over the direction of the company, they've bought Sampoo and Aapo out who before seemed to retain a controlling share.
Surprised anyone's interested in it if those figures are correct and its revenue has dropped that dramatically. The fact it now only employs 50 people worldwide with no local offices is crazy. Although I don't visit much anymore would be a shame if they just bled Habbo dry, hope they do something with it...got a feeling they didn't buy Sulake for Habbo though. :¬:

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They probably know that Habbo can actually make money since they have been involved for a while. Now they wish to help it out fully by "owning" it I suppose. Will be interesting to see what happens when it all goes through.

The question is whether they see potential or whether its one of them acquisitions with the intention of asset stripping.

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Originally Posted by -:Undertaker:-

The question is whether they see potential or whether its one of them acquisitions with the intention of asset stripping.

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What assets would they be? :s

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Originally Posted by Okeanos

What assets would they be? :s

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I'd imagine technology along with any parts of the company that still make money.

Or they could have just bought it with the intention of allowing it to run its course and squeeze the last remaining profits out of it.

Who knows.

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Originally Posted by Okeanos

What assets would they be? :s

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it's not that obvious when you look it from outside but the assets are top quality codebase which is running habbo and also the skills still employed by sulake.

there is still some minor shareholders (ex employees), when enough of them sell their shares sulake can be fully incorporated, i see good things in this but also there are some possible things that might not be that good.

i would bet on the good as always. be not worried


edit: as a disclaimer i'm not anymore employed or staff since i chose to be sacked on december...

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Originally Posted by ngc6611

it's not that obvious when you look it from outside but the assets are top quality codebase which is running habbo and also the skills still employed by sulake.

there is still some minor shareholders (ex employees), when enough of them sell their shares sulake can be fully incorporated, i see good things in this but also there are some possible things that might not be that good.

i would bet on the good as always. be not worried


edit: as a disclaimer i'm not anymore employed or staff since i chose to be sacked on december...

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I assume you still believe the Habbo product still has a future with the right kind of people running the place?

Habbo has run its course, it is time to close the doors and look to the future.

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Originally Posted by -:Undertaker:-

The question is whether they see potential or whether its one of them acquisitions with the intention of asset stripping.

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Quote:

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Originally Posted by -:Undertaker:-

I'd imagine technology along with any parts of the company that still make money.

Or they could have just bought it with the intention of allowing it to run its course and squeeze the last remaining profits out of it.

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Quote:

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Originally Posted by ngc6611

it's not that obvious when you look it from outside but the assets are top quality codebase which is running habbo and also the skills still employed by sulake.

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These were my thoughts exactly. IMO the brand is too damaged and business model has developed major flaws, they'll strip it but I guess we'll see. Like I said I hope they don't and I hope it's a really positive move but I can't see why a telecomms firm would want to develop an avatar based teen chat site.