Electronic Arts Closes $55 Billion Go-Private Deal Backed by PIF
Electronic Arts has closed a $55 billion go-private buyout, the largest-ever private equity-backed buyout of its kind. Saudi Arabia’s PIF, which already held a minority stake, and Affinity Partners are now new owners, with pledges to invest heavily, including AI in game development. The $20 billion debt financing raises concerns about potential layoffs and cost cuts.
Coverage (4)
- Video game giant Electronic Arts closes $55 billion go-private sale of its business (apnews.com)
- Video game giant Electronic Arts closes $55 billion go-private sale of its business (baltimoresun.com)
- Video game giant Electronic Arts closes $55 billion go-private sale of its business (abc7news.com)
- Video game giant Electronic Arts closes $55 billion go-private sale of its business (finance.yahoo.com)