EA agrees to $55 billion sale in largest leveraged buyout on record

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Electronic Arts agreed to sell to a group of private investors in a deal that values the company at $55 billion, the largest leveraged buyout on record.

The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, agreed to pay $210 per share in cash for the Redwood, California-based company, according to a statement Monday. That represents a 25% premium to where its shares traded before the talks leaked on Friday.

Electronic Arts, the maker of EA Sports FC and The Sims, is…



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EA agrees to $55 billion sale in largest leveraged buyout on record



Electronic Arts agreed to sell to a group of private investors in a deal that values the company at $55 billion, the largest leveraged buyout on record.

The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, agreed to pay $210 per share in cash for the Redwood, California-based company, according to a statement Monday. That represents a 25% premium to where its shares traded before the talks leaked on Friday.

Electronic Arts, the maker of EA Sports FC and The Sims, is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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