The New Owners of CGC 8 8

[adamstrange]

https://www.cgccomics.com/news/article/9253/

[Mr.Fantastic]

I wonder if CGC has plans to go public now?

[adamstrange]

You'd have to ask Blackstone, as they are now the big dog at CGC.

[Spyder!]

Andre Iguodala is now a minority owner of CGC.

[Spyder!]

24 minutes ago, szav said:

Nice… time to get him and his NBA buddies into stabbed GA comics and have them start posting their awesome books on Instagram or whatever it is kids use nowadays … that’ll help fuel this rocket ship right?

I mean I don’t use social media much or watch the NBA but the article says they’ll increase CGCs digital presence, so who knows.

Come on Scott, you’re not watching the Suns this year? 

[fifties]

I may be behind the curve (as usual), but;

Quote

Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business (“Blackstone”) have agreed to acquire a majority stake in the Certified Collectibles Group (“CCG”)

Is CGC the same entity as CCG?

[thunsicker]

46 minutes ago, fifties said:

I may be behind the curve (as usual), but;

Quote

Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business (“Blackstone”) have agreed to acquire a majority stake in the Certified Collectibles Group (“CCG”)

Is CGC the same entity as CCG?

CCG is the parent company for CGC (Comics), NGC (Coins), PMG (Paper Money), ASG (Stamps), CSG (Sports Cards), CCS(Comics Conservation), etc., etc.

[Paul © ® ⚽️💙™]

Why do I get the feeling, none of this will benefit the collector?  

[GreatCaesarsGhost]

6 minutes ago, G G ® ™ said:

Why do I get the feeling, none of this will benefit the collector?  

What we think of as a hobby these guys think of as a commodity. There’s a new sheriff in town. 

[Paul © ® ⚽️💙™]

19 minutes ago, GreatCaesarsGhost said:

What we think of as a hobby these guys think of as a commodity. There’s a new sheriff in town. 

I just hope he's not channelling Jack Palance.  

Edited July 2, 2021 by G G ® ™

[Spyder!]

18 minutes ago, GreatCaesarsGhost said:

What we think of as a hobby these guys think of as a commodity. There’s a new sheriff in town. 

Just a company offering a service for which there is demand being bought by another company. Happens every day. I don’t foresee any meaningful changes for us collectors.

[Paul © ® ⚽️💙™]

15 minutes ago, Spyder! said:

Just a company offering a service for which there is demand being bought by another company. Happens every day. I don’t foresee any meaningful changes for us collectors.

We'll see. I hope you're right.

[Jayman]

45 minutes ago, G G ® ™ said:

I just hope he's not channelling Jack Palance.  

 

[Paul © ® ⚽️💙™]

4 minutes ago, Jayman said:

 

I was thinking more along these lines....

 

[alexgross.com]

[Paul © ® ⚽️💙™]

1 minute ago, alexgross.com said:

Yep, this is what was worrying me. They sound a delight. 

[onlyweaknesskryptonite]

9 minutes ago, alexgross.com said:

[musicmeta]

13 minutes ago, alexgross.com said:

Yes. Only care about one thing…"Make us a lot of money".  Won't care about "old paper" unless it's making us money.

[Qalyar]

50 minutes ago, G G ® ™ said:

Yep, this is what was worrying me. They sound a delight. 

Their real estate division is pretty awful. Their investment management branch is less obviously malicious; many of their purchased companies have done quite well since acquisition.

[Paul © ® ⚽️💙™]

I wonder if they'll scrap the Boards?