A consortium led by Saudi Arabia has finalized the acquisition of Electronic Arts (EA), known for popular titles such as The Sims and EA FC, for $55 billion. Following this transaction, EA will transition into private ownership and will carry a significant amount of debt as a result of the deal.
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Saudi-led group acquires gaming company EA for $55 billion
A Saudi-led consortium has completed the acquisition of Electronic Arts for $55 billion, resulting in the company moving to private ownership. The deal will also impose a substantial debt burden on EA.
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Saudi-led group completes $55bn purchase of gaming giant EA
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Saudi-led group acquires gaming company EA for $55 billion