VOGONS


First post, by Shponglefan

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Surprised I didn't hear about this sooner, but apparently Electronic Arts is being taken private in a $55b deal. Majority owner is a fund run by the Saudi Arabia government.

Electronic Arts, the maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired by an investor group including Saudi Arabia’s sovereign wealth fund in the largest private equity-funded buyout in history.

The investors, who also include a firm managed by Jared Kushner, President Donald Trump’s son-in-law, and the private equity firm Silver Lake Partners, valued the deal $55 billion.

https://apnews.com/article/ea-electronic-arts … 2c0a6758aaa6900

The fact that private equity has been significantly growing in recent years makes me wonder if this is just the tip of the iceberg and we'll keep seeing more of this happening.

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