Electronic Arts Acquired for $55 Billion by Saudi-Led Consortium
Summary
Electronic Arts has been acquired for $55 billion by a Saudi-led investor consortium, taking the video game giant private. The deal, backed by Saudi Arabia’s Public Investment Fund and Affinity Partners, is one of the largest debt-financed acquisitions in history.
Key Points
- Electronic Arts was bought for $55 billion by an investor group led by Saudi Arabia’s Public Investment Fund.
- The consortium includes Affinity Partners, led by Jared Kushner, and the deal will take EA private by buying all public shares.
- The purchase is heavily debt-financed, with about $20 billion borrowed from JPMorgan and repaid by Electronic Arts.
- CEO Andrew Wilson said he will remain in his role and the company will keep making creative games.
