latimes.com

Saudi PIF takes over Electronic Arts in major leverage buyout

Electronic Arts logoElectronic Arts
Sig3.70Sen-2.30Env0.00Soc-1.80Gov-1.20

Electronic Arts is now private, owned by Saudi Arabia’s Public Investment Fund alongside Silver Lake and Affinity Partners. Redwood City headquarters stays in place and CEO Andrew Wilson will remain. The $20 billion debt leveraged in the deal is a major concern, with worry that new owners could influence game content and contribute to layoffs as the acquisition closes.

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