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It's a leveraged buyout. They're going to need to pay those billions in debt, so predatory practices should not be stopping.
by Daedren 1y ago
It's a leveraged buyout. They're going to need to pay those billions in debt, so predatory practices should not be stopping.
- JumpCrisscross 1y ago> It's a leveraged buyout Correct: “the transaction will be funded by a combination of cash from each of PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA, constituting an equity investment of approximately $36 billion, and $20 billion of debt financing.” EA currently carries about $2.6bn in non-current liabilities of which $1.5bn is long-term debt. So an order of magnitude more debt.
- deleted 1y ago[deleted]