More EA layoffs expected as Saudi Arabia buyout is completed
Electronic Arts has completed its $55 billion acquisition by an investor consortium, including Saudi Arabia's Public Investment Fund, making it a private company. The deal, financed partly by a $20 billion loan, raises concerns about potential mass layoffs and increased microtransactions to offset the debt. The PIF now holds a majority stake, leading to discussions about potential censorship of inclusive titles like The Sims due to Saudi Arabia's human rights record.
Metro UK
- Entities
- Monetization
- Electronic Arts
- Joshua Kushner
- Saudi Arabia
- EA Sports FC 24
- Affinity Partners
- Mohammed bin Salman
- The Sims
- It Takes Two
- Layoffs
- Silver Lake
- Video Game Industry
- Mergers and Acquisitions
- Unravel
- Jason Schreier
Original source
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