Saudi fund, Kushners firm to buy games maker Electronic Arts in $55bn deal

News Source : Al Jazeera English
News Summary
- Saudi Arabia’s sovereign wealth fund, an investment company run by the son-in-law of the United States president, and a California-based private equity firm have bought gaming industry giant Electronic Arts.
- They reached a deal to pay EA shareholders $210 per share in cash, a 25 percent premium over the stock price of the company before rumours of the deal circulated last week.
- The deal takes the company private and is expected to close by the first quarter of the fiscal year 2027, meaning roughly the spring or summer of 2026.
Saudi Arabias sovereign wealth fund, an investment company run by the soninlaw of the United States president, and a Californiabased private equity firm have bought gaming industry giant Electroni [+3025 chars]