Article 70CT3 Saudi Takeover of EA in $55 Billion Deal Raises Serious Concerns

Saudi Takeover of EA in $55 Billion Deal Raises Serious Concerns

by
msmash
from Slashdot on (#70CT3)
BrianFagioli writes: Electronic Arts has agreed to a $55 billion buyout by Saudi Arabia's Public Investment Fund (PIF), private equity firm Silver Lake, and Jared Kushner's Affinity Partners, marking the largest all-cash sponsor take-private deal ever. Shareholders will receive $210 per share, a 25 percent premium over EA's unaffected price, and once the transaction closes the company will be delisted from public markets. EA CEO Andrew Wilson will remain in charge, with the group arguing that private ownership will allow the publisher to innovate faster and expand its global footprint. The deal, however, is already sparking controversy. PIF, a sovereign wealth fund controlled by the Saudi government, will effectively gain control of one of the most influential names in gaming. While investors stand to profit, many gamers and industry watchers are concerned about how Saudi ownership could shape EA's creative direction, monetization strategies, and role in esports. With regulatory approvals still pending, the takeover raises difficult questions about the intersection of gaming, politics, and global soft power.

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