$55B Deal Takes EA Private
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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?
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.
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.
Electronic Arts (EA), the powerhouse behind blockbuster video game franchises like Battlefield, FIFA, and The Sims, has entered into a definitive agreement to be acquired in a monumental $55 billion leveraged buyout,
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.