The Verge
US · 1 hrs ago
EA is now a private company
Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed. The PIF will reportedly own 93.4 percent of the new company.
The deal includes $20 billion of debt financing - making it the largest leveraged buyout ever - which could mean big changes at…
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