Electronic Arts (EA), the video game publisher behind titles including The Sims, Madden NFL and Battlefield, is being acquired for $55 billion (£41 billion). EA says the deal is completed, following recent regulatory approval from the European Union, described by outlets as the final clearance required for the transaction. The purchase is led by Saudi Arabia’s Public Investment Fund (PIF), which holds the large majority stake in the buyer consortium. Reporting also identifies Affinity Partners as a participating investor, including a 1.1% stake, with the firm being associated with Jared Kushner, who is described in coverage as Donald Trump’s son-in-law. While the outlets emphasize the scale of the transaction and the composition of the buyer group, they do not indicate changes to EA’s day-to-day operations as a result of the completion. The acquisition is characterized as one of the largest leveraged buyouts in history, and it proceeds after the EU’s approval. The companies involved frame the completion as the culmination of the regulatory process required to close the transaction.
Saudi-led group completes $55 billion acquisition of Electronic Arts
Electronic Arts (EA), the video game publisher behind titles including The Sims, Madden NFL and Battlefield, is being acquired for $55 billion (£41 billion). EA says the deal is completed, following r...
- Electronic Arts is acquired for $55 billion (£41 billion), and EA announces the deal completion.
- The EU approval is cited as a key final regulatory step before closing.
- The buyer group is led by Saudi Arabia’s Public Investment Fund (PIF), reported at a 93.4% stake.
- Affinity Partners is reported as another participant, with a 1.1% stake.
- The deal is described in coverage as one of the largest leveraged buyouts in history.
Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading...
7 hours agoAugust 5 – In one of the largest leveraged buyouts in history, a Saudi-led group has completed a $55 billion purchase of gaming giant Electronic Arts (EA). The group of buyers include Saudi Arabia’s Public Investment Fund (93.4%) and Affinity Partners ($1.1%) which includes Jared Kushner, US president Donald Trump’s son-in-law. His brother Joshua Kushner was involved in Gianni Infantino’s failed plans to sell off a minority stake in the World Cup. “EA has created stories, Read more … The post Saudis lead $55bn EA acquisition with Kushner’s Affinity Partners along for the ride appeared first on Inside World Football.
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