US EditionEA’s $55 Billion Deal Delivers a Win for Investors, but Raises Uncertainty for Gamers
13 Articles
13 Articles
Electronic Arts will leave Bolsa and remain in the hands of a Saudi and North American investor consortium
Omnihanded Entertainmet News | Unpacking EA’s $55 Billion Sale To Go Private: What Does It All Mean?
In a shocking development, Electronic Arts announced on September 29 that it will go private as part of a $55 billion leveraged buyout. Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and private equity company Silver Lake are taking 100% ownership of the company behind franchises like Battlefield, Mass Effect, Madden, and many others.Industries tend to consolidate over time as they mature, and EA going private is just …
New rumors surrounding BioWare point to possible layoffs, increasing uncertainty about the studio behind Mass Effect and Dragon Age. The acquisition of Electronic Arts (EA) by a consortium of investors valued at $55 billion has once again thrown BioWare into a state of uncertainty. According to Insider Gaming, several employees at the Canadian studio fear they will be among the first to suffer layoffs after the transaction is completed, schedule…
This article was first published on Cedarnews.net. For more news and exclusive reports, visit our website. No matter how you spent your youth—and perhaps many years of your adult life—the phrase “EA Sports – it’s in the game” will always be etched in your memory. With the announcement of this massive $55 billion acquisition of Electronic Arts (EA)… This article was published on Cedarnews. For more breaking news and exclusive reports, visit our o…
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