GAMES
EA expects $55 billion sale to Saudi Arabia and private equity to close next week
Electronic Arts is on track to complete its $55 billion acquisition by Saudi Arabia's Public Investment Fund and private equity firms, with all required regulatory approvals reportedly in place. The deal is expected to close within the coming week, marking a major shift in the gaming industry's ownership structure.
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About a week on from getting the thumbs up from the European Commission, the $55 billion leveraged buyout which will see Saudi Arabia, Silver Lake and Jared Kushner-founded investment firm Affinity Partners become the new owners of EA is expected to close
Rock Paper Shotgun1d
Barring something truly unexpected, it sounds like EA is going private in a sale to Saudi Arabia and private equity next week.
Kotaku2d
What we know
- EA's $55 billion sale to Saudi Arabia's PIF and private equity partners has secured all necessary regulatory approvals
- The transaction is expected to close next week barring unforeseen complications
- The deal will take EA private, ending its tenure as a publicly traded company
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