Unknown Worlds co-founder Charlie Cleveland went to lunch with Krafton CEO, Kim Chang-han, who allegedly said having to pay an earnout would be "embarrassing".
Frankly, the buyers truing to get them to take a smaller buyout before firing makes it clear they’re doing what they can to avoid paying it. At the same time, the way the incentive was setup both parties were of course going to try to win here. No one who has 250m is going to part with it without a fight. And vice-versa.
Hindsight is 2020, but the reward structure should have never been setup based an arbitrary deadline but instead on a total level of success
Frankly, the buyers truing to get them to take a smaller buyout before firing makes it clear they’re doing what they can to avoid paying it. At the same time, the way the incentive was setup both parties were of course going to try to win here. No one who has 250m is going to part with it without a fight. And vice-versa.
Hindsight is 2020, but the reward structure should have never been setup based an arbitrary deadline but instead on a total level of success