24 Hrs
Source:
Los Angeles Times
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Saudi Arabia's PIF finalizes EA buyout
Electronic Arts has been acquired by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners in a $55 billion deal, making it a private company. The transaction, finalized amid concerns over its debt and industry consolidation, leaves EA’s headquarters in Redwood City with its CEO remaining in place. The deal raises questions about potential impacts on game content and industry practices, including increased monetization strategies.
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