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In a somewhat surprising team up, Jared Kushner and Saudi Arabia’s sovereign wealth fund are joining together to buy video game giant Electronic Arts for a staggering $55 billion.
EA announced today that it has agreed to be taken private by a group of investors that includes Kushner’s private-equity firm Affinity Partners, Saudi Arabia’s Public Investment Fund (PIF), and investment firm Silver Lake. The group plans to pay stockholders $210 a share in cash.
The deal comes as the gaming…
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In a somewhat surprising team up, Jared Kushner and Saudi Arabia’s sovereign wealth fund are joining together to buy video game giant Electronic Arts for a staggering $55 billion.
EA announced today that it has agreed to be taken private by a group of investors that includes Kushner’s private-equity firm Affinity Partners, Saudi Arabia’s Public Investment Fund (PIF), and investment firm Silver Lake. The group plans to pay stockholders $210 a share in cash.
The deal comes as the gaming…
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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