Patrick Weekes
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With BioWare dead, EA lays out its 'next chapter,' and it's pretty much as predicted: Guns and football are fine, and everything else is under the microscope
Following the closure of BioWare, Electronic Arts has announced a strategic shift focusing on its largest franchises like Battlefield, Apex Legends, and EA Sports FC, while reducing the scope of other projects. The company is pausing 'Project Lotus,' pausing development on the early-stage Mass Effect game, and cutting the Skate team, leading to significant layoffs and a negative sentiment towards the studio's future.
EA Has Officially Been Sold, And What Comes Next Could Be Painful
Electronic Arts has been acquired by Saudi Arabia's Public Investment Fund in a $55 billion leveraged buyout, making it the largest LBO in history. The deal has raised concerns about potential layoffs, studio closures, and game cancellations due to the significant debt involved. EA CEO Andrew Wilson will remain in his position, but the company's future financial operations will be less transparent as it moves from public to private ownership.
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.
