EA, private equity
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EA strikes deal to go private
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Jared Kushner's Affinity Partners is also backing the transaction for the 'Battlefield' and 'Madden' game studio.
The Electronic Arts deal, the largest ever leveraged buyout, is backed by Saudi Arabia, Silver Lake and Jared Kushner's Affinity
Electronic Arts has announced an agreement to be fully acquired by a consortium of private equity groups including Saudi Arabia's PIF and Affinity Partners.
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The ASC market is reentering a phase of aggressive private equity activity as capital flow resumes and buyers target scale in strategic geographies. In just the past six months, multiple PE-linked ASC moves have been tracked,
A bombshell announcement has come from Electronic Arts this morning, confirming the company has agreed to an EA buyout to the tune of ~$55 billion
Bloomberg on MSN
EA Agrees to Private Investor Sale at $55 Billion
Electronic Arts agreed to sell to a group of private investors that includes Silver Lake Management, Saudi Arabia's Public Investment Fund, and Jared Kushner's Affinity Partners. The deal values the company at $55 billion and is the largest leveraged buyout in history.