Jared Kushner brokered the $55bn takeover of Electronic Arts
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Jared Kushner’s firm and the Saudis are taking video game maker EA private in a massive deal
Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm.
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Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is run by President Donald Trump ’s son-in-law, Jared Kushner.
Jared Kushner's Affinity Partners is also backing the transaction for the 'Battlefield' and 'Madden' game studio.
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.
Months before Electronic Arts Inc. and Saudi Arabia’s sovereign wealth fund agreed to a record-breaking buyout deal, President Donald Trump’s son-in-law made a pivotal introduction.
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
EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.