Saudi Arabia, Jared Kushner and Electronic Arts
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Jared Kushner’s private equity firm and Saudi Arabia’s sovereign wealth fund are some of the investors teaming up to take the video game giant private.
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Electronic Arts to Sell for $55 Billion in Deal Involving Donald Trump's Son-in-Law
On Monday, an additional Saudi-related Trump deal became public: a $1 billion Trump Plaza project in Jeddah from real estate developer Dar Global, the same company that previously launched a Jeddah Trump Tower. Jared Kushner expressed excitement about the Electronic Arts deal in a statement.
Video game firm Electronic Arts is set to be acquired for about $55 billion in an agreement involving Saudi Arabia's Public Investment Fund, a private equity group and an investment firm founded by Jared Kushner,
Mr. Kushner’s private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.
The deal, led by Ivanka Trump’s husband Jared Kushner, is set to make shareholders $210 per individual share in the biggest leveraged buyout on record
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Durban, 52 years old, was part of a new generation of leaders at Silver Lake who took the helm in 2011. He and Greg Mondre assumed the title of co-CEOs in 2019, with Durban working out of the firm’s Menlo Park, Calif., office and Mondre based in New York.