Why Saudi Arabia & Trump’s Son-in-law Bought EA for $55 Billion | FP Explains
Electronic Arts, the gaming giant behind EA FC, The Sims, Battlefield and Mass Effect, has been acquired in a $55 billion deal led by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners, the investment firm headed by Jared Kushner. The buyout takes EA private and includes around $20 billion in borrowed funds, leaving the company responsible for repaying the debt. While EA says operations remain unchanged and CEO Andrew Wilson will continue leading the company, analysts have raised concerns over possible cost-cutting, layoffs and monetisation. The acquisition also reignites debate over Saudi Arabia's growing influence in gaming and concerns about future creative freedom.-------
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