Esports
Mr. BillionhairEA Goes Private: Saudi Arabia's PIF Makes Huge Power Move
Folks, listen up! EA, the gaming titan, is making waves—going private for a mind-blowing 55 billion dollars! That’s right, Saudi Arabia’s PIF and some elite equity firms are taking charge. Shareholders are cashing in big, $210 a share! This is a monumental shift, folks! Stay tuned for the massive changes coming to gaming, believe me!
few days ago | Harshit Singh
Quick rundown
1.EA is being acquired by Saudi Arabia's Public Investment Fund.
2.The acquisition deal is valued at $55 billion.
3.Shareholders have approved the acquisition.
4.No immediate changes announced for EA's business model.
5.EA will become a private company under the new ownership.
