Electronic Arts sold for $55 billion to Saudi-led group
Electronic Arts, the renowned video game developer behind titles like The Sims and Madden NFL, has been sold for $55 billion to a Saudi-led consortium, including Affinity Partners. This acquisition marks the company's transition to private ownership and comes after receiving EU regulatory approval.
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The Sims and EA FC maker Electronic Arts sells for $55bn to Saudi-led group
The deal takes the maker of titles including The Sims and EA FC into private ownership - and loads it with debt.
Video game maker EA bought by Saudi-led group for $55bn
Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared Kushner Electronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn). The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading...