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Business
fromGameSpot
5 days ago

EA Acknowledges Risk Of Selling To Saudi Arabia, Claims It Will Retain Creative Control

EA's $55 billion sale to a Saudi-led investor group risks staff retention, customer and supplier relationships, and may trigger layoffs or studio closures.
fromFast Company
1 month ago

Electronic Arts signs $55-billion deal with Saudi Arabia's Public Investment Fund and more to go private. Analysts say it's worth more.

Electronic Arts has announced plans to go private in what will be the largest leveraged buyout in history. The $55 billion purchase of the entertainment giant behind franchises that include Madden NFL and Battlefield is set to close in the first quarter of fiscal year 2027. Saudi Arabia's Public Investment Fund (PIF) will be, by far, the majority investor in EA, one of the largest third-party publishers of video games. Silver Lake and Affinity Partners (whose CEO is Donald Trump's son-in-law Jared Kushner) will own minority interests. CEO Andrew Wilson will continue to head EA.
Business
fromKotaku
1 month ago

EA Boss Thanks Employees For Making $55 Billion Private Equity Sale Possible

The $55 billion sale of Electronic Arts to Saudi Arabia's Public Investment Fund and a group of other private equity investors is a big deal. Some people are going to make a lot of money off it. Others may lose their jobs when the interest bill for the debt-financed portion of the leveraged buyout comes due. CEO Andrew Wilson, who will remain in charge of the Madden and Battlefield publisher even after the sale closes, is thanking his employees.
Business
#saudi-arabia
fromwww.mediaite.com
1 month ago
World news

Sports Podcaster Goes OFF on Embarrassing' US Leagues Partnering With Saudi Arabia

American sports partnerships with Saudi Arabia face criticism for enabling alleged sports-washing amid massive PIF investments and high-profile events involving Turki Alalshikh.
fromTechCrunch
5 months ago
Artificial intelligence

Saudi prince launches AI venture as Trump, Musk, Altman, and Zuckerberg arrive for conference | TechCrunch

Saudi Arabia launches Humain to enhance its AI capabilities and infrastructure.
more#saudi-arabia
Soccer (FIFA)
fromESPN.com
5 months ago

FIFA inks latest Saudi deal, as PIF backs Club WC

FIFA secures significant partnership with Saudi Arabia's Public Investment Fund for the Club World Cup, highlighting the growing influence of Saudi investments in sports.
Liverpool FC
fromsportslens.com
5 months ago

PIF reopen discussions with Lionel Messi over Saudi switch

Lionel Messi is in negotiations with the Saudi Pro League after initially signing with Inter Miami, with a move considered likely.
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