EA Sale To Saudi Arabia Clears A Major Hurdle
Electronic Arts' proposed sale to an investor consortium led by Saudi Arabia's Public Investment Fund has received approval from the European Commission, clearing a significant hurdle. While the $55 billion deal is structured as a leveraged buyout, potential cost-cutting measures like layoffs and studio closures at EA and its subsidiaries, such as BioWare, are a concern for employees.
- Entities
- Company: Electronic Arts
- Person: Joshua Kushner
- Company: Saudi Arabia
- Company: Affinity Partners
- Topic: Layoffs
- Company: Silver Lake
- Company: BioWare
- Topic: Mergers and Acquisitions
- Game: Battlefield
- Person: Patrick Weekes
- Company: Public Investment Fund
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