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Last.fm is now independent (support.last.fm)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 5 points 5 months ago* (3 children)

Its a good thing in my opinion since:

  1. Paramount is a public company and I heard some bad stuff about them like Keeping Spongebob to make extra money even after the creator died. (i kinda dont have strong opinions on public companies but still a good thing they became independent.)
  2. Paramount will be partially state owned if they merge with WB (heard that somewhere)
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  • [–] 3 points 5 months ago* (2 children)

    If the Paramount deal goes ahead, it'll be 49.5% foreign owned, of which some state actors ike the Saudis via their PIF having ownership.

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  • [–] 1 point 5 months ago (1 child)

    if the PIF is gonna buy it,no.

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  • [–] 2 points 5 months ago*

    What do you mean, no?

    https://www.top1000funds.com/asset_owner/public-investment-fund-pif/

    The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world and was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has been controlled by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler since 2015.

    The government is going to own a large part if the merger happens.

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