EA to be bought by Jared Kushner and Saudi Arabia.

The Saudi's want to control all forms of entertainment for some strange reason.


The video game giant Electronic Arts has inked a major $55 billion deal to be taken private, backed by Saudi Arabia’s Public Investment Fund, the Egon Durban-led private equity giant Silver Lake, and Jared Kushner’s Affinity Partners.

EA shareholders will receive $210 per share in cash, with the PIF also rolling over its nearly 10 percent stake. The deal is expected to close in the company’s fiscal first quarter of 2027.

The studio, which is behind titles like the Battlefield and Madden NFL franchises, is one of the biggest players in gaming, with CEO Andrew Wilson spending the last decade-plus transforming its business model to focus more on recurring revenue like subscriptions.

https://www.hollywoodreporter.com/business/digital/ea-take-private-pif-silver-lake-affinity-partners-1236387914/