Saudi Fund's EA Buyout: Largest Leveraged Deal Ever

Saudi Arabias Public Investment Fund reportedly set to acquire majority stake in Electronic Arts, valuing the deal at $55 billion, making it the largest leveraged buyout in history. The acquisition, if approved, would see the fund owning nearly 93.5% of the company, with private equity firm Silver Lake Partners and Jared Kushners Affinity Partners holding smaller stakes. The deal comes amidst a period of consolidation in the gaming industry and flat annual revenues for EA over the past three years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.