$55B Deal Takes EA Private
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President Trump's son-in-law and Saudi Arabia are backing a deal to buy the video game company EA. Can gamers still play? What games does EA make?
Electronic Arts (EA), the powerhouse behind blockbuster video game franchises like Battlefield, FIFA, and The Sims, has entered into a definitive agreement to be acquired in a monumental $55 billion leveraged buyout,
EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.
Electronic Arts CEO Andrew Wilson announced the deal, among the largest private equity firm buyouts of a company, to staff in a memo Monday morning.
The deal, which ranks as the largest ever leveraged buyout according to Variety, involves a group of investors including private-equity firm Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s Affinity Partners.