tech
EA is now a private company
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TL;DR
- Electronic Arts has officially closed a $55 billion deal to become a private company.
- The investor group taking EA private is led by Saudi Arabia’s Public Investment Fund (PIF), which will reportedly own 93.4% of the new company.
- The deal includes $20 billion of debt financing, marking the largest leveraged buyout ever.
- This significant financial undertaking may result in EA focusing more heavily on its established franchises rather than smaller, experimental games.
- The acquisition follows other major deals in the video game industry, such as Microsoft's acquisitions of Activision Blizzard and ZeniMax Media, and Take-Two's acquisition of Zynga.