EA confirms it’s being taken private for $55 billion by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners
Electronic Arts, one of the largest video game makers in the US, confirmed this morning reports from Friday that it will be taken private by a group including Saudi Arabia’s wealth fund, along with private equity firms Silver Lake and Affinity Partners (founded by Jared Kushner).
The deal values EA at $55 billion, $5 billion more than early reports had indicated.
According to EA, the deal will “enable the Company to move faster and unlock new opportunities on a global stage.” It comes in a year that’s seen many large studios — including EA — perform layoffs, scrap games, and close subsidiary studios amid underwhelming sales and ballooning budgets.
According to EA, the deal will “enable the Company to move faster and unlock new opportunities on a global stage.” It comes in a year that’s seen many large studios — including EA — perform layoffs, scrap games, and close subsidiary studios amid underwhelming sales and ballooning budgets.
