Electronic Arts, the creator of popular video games like “Madden NFL” and “The Sims,” is set to be acquired for $52.5 billion in a deal led by private equity firms, potentially becoming the largest buyout of its kind. Silver Lake Partners, Saudi Arabia’s PIF, and Affinity Partners will pay $210 per share, with PIF rolling over its existing stake. This move aligns with PIF’s growing activity in the gaming market, as they’ve previously invested in other major gaming companies. Should the deal be finalized as anticipated, EA will become a private company, with its headquarters remaining in Redwood City, California, and current CEO Andrew Wilson remaining in his leadership role.
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Sony hikes PlayStation 5 prices in US as tariff uncertainty weighs. It seems like there’s a collective groan of frustration emanating from the gaming community right now, and honestly, I get it. The news that Sony is increasing the price of the PlayStation 5 in the US is not exactly what anyone wanted to hear. And the reasoning? Well, it seems like that old enemy – tariff uncertainty – is back to haunt us.
The truth is, we’re all probably already paying tariffs in one way or another, whether we realize it or not. It’s baked into the cost of so many products, even if they don’t come with a direct tariff, there’s a strong likelihood somewhere in the supply chain that’s being impacted.… Continue reading
Khitam, a seasoned journalist with over three decades of experience, currently serves as Chief News Editor, focusing on UAE, GCC, and Arab affairs. Beginning her career as a translator, she steadily advanced into editorial roles. Her responsibilities include monitoring breaking news in the UAE and Arab regions to ensure timely and accurate dissemination. A childhood encounter with Margaret Thatcher, where she shared her family’s displacement, shaped her dedication to journalism and highlighting stories impacted by regional conflicts.
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Following over ten months of striking, SAG-AFTRA has suspended its strike against major video game companies after reaching a tentative agreement. The agreement, which includes Activision, Electronic Arts, and others, addresses key issues such as wage increases exceeding 24 percent and crucial AI protections. The union’s national board will review the agreement on June 12th, 2025, before it goes to the membership for ratification. The agreement secures vital safeguards against AI exploitation while building upon three decades of industry collaboration.
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John Q. Hosedrinker 
Matt Underwood