The $55bn private acquisition of Electronic Arts is expected to go ahead
Electronic Arts has received all regulatory approvals for its proposed $55 billion private acquisition by Saudi Arabia's Public Investment Fund, Affinity Partners, and Silver Lake, with the deal expected to close on August 4th. This record-breaking leveraged buyout faces scrutiny due to Saudi Arabia's human rights record and the involvement of Jared Kushner. The acquisition comes as EA CEO Andrew Wilson received significant bonus payments, and the company faces pressure amid industry-wide layoffs.
Eurogamer
- Entities
- Electronic Arts
- Joshua Kushner
- Affinity Partners
- Silver Lake
- Leveraged Buyout
- Mergers and Acquisitions
- Andrew Wilson
- Public Investment Fund
Original source
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