It has been a monumental year for the video game industry, marked by new devices and billion-dollar deals.
Further consolidation occurred within the sector when a consortium led by the Public Investment Fund of Saudi Arabia, alongside Jared Kushner’s Affinity Partners and Silver Lake, announced plans to take Electronic Arts
private. The $55 billion deal, which includes $20 billion in debt financing, is the largest leveraged buyout in Wall Street history.
The move could have major implications for EA, according to Omdia analysts. They said the question now is whether the PIF plans to run EA as a “PR project” or “to extract maximum returns” from the company.
French game developer Ubisoft
