Affinity Partners
Affinity Partners business and news from across the web.
Latest coverage
Why the $55bn acquisition of Electronic Arts isn't your usual leveraged buyout
A consortium led by Saudi Arabia's Public Investment Fund is acquiring Electronic Arts for $55 billion in a record-breaking leveraged buyout. The deal, financed with over $20 billion in debt, raises concerns about future investment in EA's games and its ability to service the debt. Experts suggest the acquisition is a strategic move by Saudi Arabia to gain soft power and bolster its esports initiatives, rather than a typical financial play.
Cosplayers plan to storm EA headquarters today to protest Saudi Arabia buyout
Cosplayers are planning to protest at Electronic Arts headquarters against a proposed $55 billion buyout by a consortium including Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners. The protest aims to deliver a 70,000-signature petition and raise concerns about potential staff layoffs, increased monetization, and studio closures.
Cosplaying Gamers Will Raid EA HQ To Protest Saudi Arabia's $55 Billion Buyout
Gamers are planning a cosplay protest at Electronic Arts' headquarters on May 11 to oppose Saudi Arabia's Public Investment Fund's proposed $55 billion buyout. The Players Alliance HQ group aims to deliver over 70,000 petition signatures and raise awareness about potential negative consequences like layoffs and increased monetization due to the debt burden on EA.
CWA Canada president says Saudi buyout of EA should trigger 'virtually every alarm bell'
CWA Canada president Carmel Smyth has urged the Canadian government to scrutinize the proposed $55 billion buyout of Electronic Arts by a consortium including Saudi Arabia's Public Investment Fund due to national security risks. Concerns include potential data misuse, surveillance, and the transfer of sensitive AI technology to a foreign state. The union also highlighted potential job losses for Canadian EA workers due to the deal's financing structure.
Saudi Arabia’s EGDC Raises Ownership Stake in Capcom, Now Owns 6.04 Percent
Saudi Arabia's Electronic Gaming Development Company (EGDC) has increased its ownership stake in Capcom to 6.04 percent, acquiring an additional 1.01 percent. The EGDC, owned by Crown Prince Mohammed bin Salman, also holds a majority stake in SNK and is involved in the proposed acquisition of Electronic Arts by the Public Investment Fund, Silver Lake, and Affinity Partners.
Battlefield 6 developers hit with layoffs as game's popularity starts to decline
Despite strong initial sales and positive reviews, Electronic Arts has laid off employees across multiple studios working on Battlefield 6 due to declining player counts and mixed player reviews. The reasons for the layoffs are officially cited as a 'realignment,' though potential investor acquisition and financial pressures are also discussed as contributing factors.
EA Lays Off Staff Across All Battlefield Studios Following Record-Breaking Battlefield 6 Launch - IGN
Electronic Arts has laid off an unknown number of employees across its Battlefield studios, including Criterion, Dice, Ripple Effect, and Motive Studios, as part of a "realignment." This follows the record-breaking launch of Battlefield 6 in 2025, which has since faced criticism for its live service support, monetization, and declining player counts. The company states these layoffs are unrelated to its pending acquisition by an investor group.
US government reportedly debating whether to force Tencent to give up its US-based game holdings
The US government is reportedly considering forcing Tencent to divest its stakes in US and Finnish game companies due to national security concerns. Tencent holds significant shares in numerous major developers, raising fears of potential access to personal data of US citizens. This debate has been ongoing since 2020, with a recent meeting on the matter postponed.
The Sims 4 Will Open an Official Marketplace to Let Content Creators Sell Mods for a Share of 'Moola' - IGN
Maxis is launching an official "Maker" program and Marketplace for The Sims 4 on March 17, 2026, allowing approved content creators to sell custom "Maker Packs" using a virtual currency called "Moola." Creators will receive approximately 30% of the purchase price, and these packs must be exclusive to the Marketplace. The program will initially launch on PC and Mac, with console versions for PlayStation and Xbox to follow later.
Electronic Arts Sold in $55 Billion Deal to PIF, Silver Lake, and Affinity Partners - New Game Network
Electronic Arts (EA) has confirmed a $55 billion all-cash acquisition by a consortium including Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The deal, expected to close in early fiscal year 2027, will take EA private, with shareholders receiving $210 per share. Andrew Wilson will continue as Chairman and CEO, with the investors planning significant expansion and innovation for the publisher.
What $55 Billion Buys: Everything Included In The EA Acquisition
Electronic Arts has been acquired for $55 billion by a consortium including Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners, and Silver Lake, officially closing on August 4, 2026. This deal takes EA private, adding $20 billion in debt and potentially altering the company's operations. The acquisition includes EA's numerous studios like DICE, Maxis, and Respawn Entertainment, as well as major franchises such as Battlefield, The Sims, Need for Speed, and EA Sports FC.