Electronic Arts’ $55B buyout has officially completed – and the company is already plotting layoffs
Electronic Arts has officially been acquired for $55 billion by a consortium of investment firms, primarily Saudi Arabia’s Public Investment Fund, making it a private entity. The deal, which carries $18 billion in debt, is expected to lead to significant cost-cutting measures, including mass layoffs, with reports indicating $700 million in annual savings are planned.
Massively Overpovered
- Entities
- Electronic Arts
- Joshua Kushner
- Affinity Partners
- Layoffs
- Silver Lake
- Mergers and Acquisitions
- Jason Schreier
- Shams Jorjani
- Public Investment Fund
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