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Labrish
Nyuuz
Saudi-backed group nears $50B buyout to take EA private
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[QUOTE="Munyaradzi Mafaro, post: 61488, member: 636"] A consortium of investors has entered advanced negotiations to acquire Electronic Arts for approximately $50 billion, according to multiple financial publications. The deal would transform the gaming giant from a publicly traded company into a private entity. The investor group features the Public Investment Fund of Saudi Arabia, which already holds a 10 percent stake in EA. Private equity firm Silver Lake and investment company Affinity Partners have joined the discussions. Sources indicate an announcement could emerge within the next week. The transaction would rank as the gaming industry's second-largest acquisition, trailing Microsoft's $68.7 billion purchase of Activision Blizzard. EA controls popular franchises such as Madden NFL and EA Sports FC while operating major studios like DICE, BioWare, and Respawn Entertainment. [/QUOTE]
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Labrish
Nyuuz
Saudi-backed group nears $50B buyout to take EA private
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