FinanceEurogamerabout 2 hours ago
EA buyout closes, $55bn deal complete
1 min read
Electronic Arts is now privately owned by Silver Lake, Affinity Partners, and Saudi Arabia's PIF after a $55bn leveraged buyout closed. EA delisted from NASDAQ, with stockholders receiving $210 per share. The company told debt investors it will cut $700m in annual costs, including $170m in "organizational efficiencies" that Bloomberg interprets as "mass layoffs.
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