Technology · 34 views
EA is now a private company
Electronic Arts has officially become a private company.
AI Summary
Electronic Arts' shift to a private company status marks a significant change in its corporate structure. The deal, which was first announced in September, has now been finalized, with an investor group led by the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners successfully acquiring the company. The acquisition brings a substantial amount of capital to EA, with the deal reportedly valued at $55 billion, and the Public Investment Fund is set to own a significant portion of the company, reportedly 93.4 percent.
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