While the EA acquisition has succeeded in making it a private company, now it's under an astronomical amount of debt.
PIF acquired EA for $55 billion, history's largest leveraged buyout, adding $18 billion debt requiring $1.8 billion annual interest. The company plans $700 million annual cuts including mass layoffs, signaling studio closures and gaming industry consolidation.
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.
It sounds like there is a cost-cutting plan incoming that's trying to save up $700 million annually with some drastic action.
Pulasthi Ariyasinghe
Neowin
@LoneWolfSL ·
EA's $55bn sale to Saudi-led group closes — $700 million in cuts on the horizon
Mass layoffs ahead for EA?
FIFA game maker goes private after $55B acquisition
The biggest leveraged buyout ever just took EA private
EA is now a private company
Video game maker EA bought by Saudi-led group for $55bn with Jared Kushner’s help
PIF, Silver Lake, and Jared Kushner's Affinity Partners complete $55 billion EA deal
PIF-led consortium completes $55bn Electronic Arts acquisition
EA's $55 billion Saudi-led takeover is complete, with Jared Kushner's firm among its new owners
PIF-led consortium completes acquisition of EA in landmark gaming deal
The deal, which includes Jared Kushner's Affinity Partners, takes EA private and loads the company with $18 billion in debt.
The newly privatized company is now saddled with $18 billion of debt, with annual interest payments of about $1.8 billion. Big…
Less than a year after its announcement, the EA acquisition has closed, making the massive video game company a private one.
Given what we’ve seen in past big gaming deals, things may not turn out great.
Electronic Arts said it has agreed to be acquired by PIF, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Electronic Arts has officially transitioned into a private company following a $55 billion acquisition led by Saudi Arabia's…
