$55B Deal Takes EA Private
Digest more
President Trump's son-in-law and Saudi Arabia are backing a deal to buy the video game company EA. Can gamers still play? What games does EA make?
This week’s take-private of EA further cements a financial axis between the US president’s orbit and Washington’s most powerful ally in the Arab world.
The $55 billion deal would make EA private, with Saudi Arabia’s PIF and Kushner-backed firms taking control amid gaming and political controversy.
Electronic Arts (EA) is going private for $55 billion, making this one of the biggest deals in gaming history.
Mr. Kushner’s private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.
EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.
The deal, which ranks as the largest ever leveraged buyout according to Variety, involves a group of investors including private-equity firm Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s Affinity Partners.
EA stock is surging on news that the video game company is set to be taken private in what will be the largest leveraged buyout ever.