EA is now a private company
Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed. The PIF will reportedly own 93.4 […]
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Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed . The PIF will reportedly own 93.4 percent of the new company. The deal includes $20 billion of debt financing - making it the largest leveraged buyout ever - which could mean big changes at EA to justify the deal . As of late, EA has been focusing heavily on its big tentpole franchises, including things like Battlefield , its sports games l … Read the full story at The Verge.
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