Electronic Arts is now privately owned after a $55 billion Saudi-led takeover closed on Tuesday, ending 36 years on the stock market. Saudi Arabia’s Public Investment Fund holds over 93 percent, with Silver Lake and Jared Kushner’s Affinity Partners taking the rest. The largest leveraged buyout in history leaves EA carrying $20 billion in debt, raising fears of layoffs and heavier monetisation across its games.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.