
30-Second Smart Briefing & Audio Digest
“Electronic Arts (EA) has become a private company after a $55 billion deal closed, with Saudi Arabia's Public Investment Fund (PIF) owning 93.4% of the new company. This move could impact EA's focus on big tentpole franchises and its approach to game development. The deal is the largest leveraged buyout ever, with $20 billion in debt financing.”
Core Impact Points
Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed.
The PIF will reportedly own 93. 4 percent of the new company. The deal includes $20 billion of debt financing - making it the largest leveraged buyout ever - which could mean big changes at EA to justify the deal.
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