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Paywall doesn't help, thus is all I can read: >Videogame maker Electronic Arts is in advanced talks to go private in a roughly $50 billion deal that would like
by johnnyanmac 1y ago
Paywall doesn't help, thus is all I can read:
>Videogame maker Electronic Arts is in advanced talks to go private in a roughly $50 billion deal that would likely be the largest leveraged buyout of all time, according to people familiar with the matter.
A group of investors including private-equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s investment firm Affinity Partners could unveil a deal for the publisher best known for its sports games as soon as next week, the people said.
But I'm not particularly surprised. It was either Vulture Capitalists or techno-trillionaire. There were rumors buzzing about Apple and Amazon swooping in for years (probably because there were talks, but nothing concrete came of it).
And not to get too political (though at this point I really don't care about avoiding the subject), there's some interesting irony about all this "America first initiatives", and meanwhile one of our largest entertainment companies is being bought out by Saudi Arabia, likely leading to thousands more workers out of a job. But that's just 2025 for ya.