ea, Silver Lake and Affinity Partners
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Jared Kushner, Saudi Arabia, more backers to buy EA in $55B deal. What this means for gamers.
President Donald Trump's son-in-law Jared Kushner and the Saudi Arabian sovereign wealth fund, are backing the $55 billion deal.
Videogame developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that values the maker of "Battlefield" and "Madden NFL" at $55 billion, which if completed would be the largest leveraged buyout in history.
Electronic Arts Inc. (NASDAQ: EA) ("EA" or the "Company"), a global leader in interactive entertainment, today announced that it has entered into a definitive agreement to be acquired by an investor consortium ("the Consortium") comprised of PIF,
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Trump’s son-in-law Kushner only did smallish deals. Now he’s part of the biggest buyout ever.
Jared Kushner has found a role in the $55 billion Electronic Arts megadeal. His involvement could ease its passage through Washington.
EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.
EA has confirmed it has agreed to be acquired by an investor group composed of PIF, Silver Lake, and Affinity Partners in a transaction valued at approximately $55 billion. It's the largest all-cash sponsor take-private investment in history.
Video game powerhouse Electronic Arts is going private in a $55B deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners. CEO Andrew Wilson will remain in charge.