EA reportedly plans to go private with help from Silver Lake and Saudi Arabia
Electronic Arts is close to reaching a $50 billion deal that will turn it into a privately held company, according to The Wall Street Journal. The video game company filed for an IPO way back in 1990 and has been public ever since, but now a group of investors are in talks with the company to take it private. Those investors reportedly include private equity firm Silver Lake, Saudi Arabia's Public Investment Fund (PIF) and Jared Kushner's Affinity Partners, whose largest source of funding is also Saudi's PIF. <br /> It's worth noting that EA's shares are already tied to major financial organizations, even though it's publicly traded, with Saudi's PIF owning almost 10 percent of the company. As Reuters notes, analysts believe Saudi is interested in [...]
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