Saudi-acquired EA is reportedly planning to make massive cuts after taking $18 billion of debt, and we all know what…
Electronic Arts has officially gone private under the ownership of the Saudi Arabia Public Investment Fund, Silver Lake, and Affinity Partners. This transition involves taking on $18 billion in debt, leading to a reported $700 million in annual cost-cutting measures, which are expected to result in significant layoffs across the company.
PC Gamer
- Entities
- Electronic Arts
- Microsoft
- Saudi Arabia's Public Investment Fund
- Affinity Partners
- Layoffs
- Silver Lake
- Activision Blizzard
- Corporate Debt
- Mergers and Acquisitions
- World of Warcraft
- Call of Duty
Original source
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