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EA is bought out for $55 billion – The Collegian
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In recent months, the world of videogames has witnessed significant movements in terms of acquisitions and structural changes between the main companies in the sector and one of the most significant operations was the purchase of Electronic Arts (EA) by a consortium formed by the Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners, assessed... The post Saudis buy the giant of electronic Arts (EA) videogames by US$ 55 billion appea…
EA is bought out for $55 billion – The Collegian
EA officially leaves the public market, going private under new ownership. Electronic Arts (EA) announced on Sept. 29 that they would be acquired by Saudi Arabia’s Private Investment Fund (PIF), as well as Silver Lake and Affinity Partners. The transaction will total to about $55 billion, a record-breaking buyout, leaving the three investment companies $20 billion in debt. Additionally, this deal will end EA’s history as a publicly traded compan…
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