$55B Deal Takes EA Private
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EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.
The $55 billion deal would make EA private, with Saudi Arabia’s PIF and Kushner-backed firms taking control amid gaming and political controversy.
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?
Electronic Arts (EA) is going private for $55 billion, making this one of the biggest deals in gaming history.
Durban, 52 years old, was part of a new generation of leaders at Silver Lake who took the helm in 2011. He and Greg Mondre assumed the title of co-CEOs in 2019, with Durban working out of the firm’s Menlo Park, Calif., office and Mondre based in New York.
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.