EA Acquisition: Saudi Arabia, Kushner Buyout Triggers Outrage and Boycott Calls
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.
John Q. Hosedrinker