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.
Gamespot
- Entities
- Electronic Arts
- Joshua Kushner
- Saudi Arabia
- Affinity Partners
- Layoffs
- Silver Lake
- BioWare
- Mergers and Acquisitions
- Battlefield
- Patrick Weekes
- Public Investment Fund
Original source
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