Saudi-led group completes $55 billion buyout of gaming giant Electronic Arts

Saudi Arabia · DEALS Key Facts —Deal value: The consortium paid $55 billion all-cash for Electronic Arts, making it the largest leveraged buyout in history. —Buyer consortium: Saudi Arabia’s Public Investment Fund, US private equity firm Silver Lake, and Jared Kushner’s Affinity Partners led the acquisition. —Ownership

Saudi Arabia’s Public Investment Fund bought game maker Electronic Arts in perhaps the largest leveraged buyout in history. The $55 billion deal — part-funded with $20 billion borrowed against EA itself — buys Riyadh a profitable business and control of some of the biggest franchises in the world’s biggest entertainmen

Video game giant Electronic Arts closes $55 billion go-private sale of its business  AP News

The deal, which includes Jared Kushner's Affinity Partners, takes EA private and loads the company with $18 billion in debt.

CHICAGO (AP) — Video game giant Electronic Arts officially has new owners.The California-based maker of popular titles like "Battlefield" and "The Sims" announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia's sovereign wealth fund PIF, investment firm Silver Lake Partners and Affinity Pa

A consortium led by Saudi Arabia's Public Investment Fund has finalized a $55 billion takeover of video game giant EA, with financing support from Silver Lake and Jared Kushner's Affinity Partners. The terms of the deal, including $20 billion borrowed from JPMorgan, make it the largest leveraged buyout on record.

The deal takes the maker of titles including The Sims and EA FC into private ownership - and loads it with debt.

Electronic Arts has confirmed the completion of a $55bn buyout from a Saudi Arabian-led consortium and gamers have let out a collective groan, with one going as far as saying "that is the last time I will ever buy an EA game".

Many fans are concerned the profile of the new owners will lead to changes in the company’s gaming output.

The sale of gaming giant Electronic Arts (EA) for $55bn (£41bn) to a group of buyers including Saudi Arabia's Public Investment Fund (PIF) has been finalised.

Electronic Arts misses quarterly bookings estimates ahead of Saudi-backed buyout  reuters.com

Aug 3 : Videogame publisher Electronic Arts missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its "Battlefield" franchise ahead of its Saudi-backed acquisition.Here are more details:• Despite having a strong launch last year, "Battlefield 6" has struggled to mainta