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Sovereign wealth fund consortium completes $55bn buyout of Electronic Arts
Electronic Arts has completed its acquisition by a consortium led by Saudi Arabia’s Public Investment Fund, alongside Silver Lake and Affinity Partners, in what stands as the largest leveraged buyout in history. The $55 billion deal takes EA from public to private ownership after decades on the stock market, marking a landmark moment for the…
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Saudi-led group completes $55bn purchase of gaming giant EA
The $55bn sale of gaming giant Electronic Arts (EA) to a Saudi-led investor group, including the kingdom’s Public Investment Fund (PIF) and Jared Kushner’s Affinity Partners, has been completed, taking the company private. Believed to be the largest leveraged buyout in history, the deal has raised concerns among analysts about potential job cuts and more…
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More than half of some US weapons stockpiles used in Iran war, raising concerns about China threat
The United States has reportedly used more than half of its stockpiles of certain weapons systems during its recent conflict with Iran, prompting concern among defence analysts about the country’s preparedness for a potential future confrontation with China. The depletion has led the Pentagon to request billions of dollars in additional funding to replenish munitions,…
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‘We’re Entering This Next Chapter from a Position of Strength’: EA Completes $55 Billion Buyout
Publisher officially goes private. EA’s said it’s entering its “next chapter from a position of strength” as it completes its controversial $55 billion leveraged buyout. The deal, first announced last year, sees the company go private, led by a consortium of the Saudi Arabian Public Investment Fund, Silver Lake, and Affinity Partners. Read the full…
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Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
Lucid Motors has unveiled an “operational reset” aimed at cutting $1.4 billion in cash spending, as new chief executive Silvio Napoli attempts to halt the EV maker’s mounting losses and swelling inventory. The plan, outlined during Tuesday’s second-quarter earnings call, combines aggressive cost-cutting with three “must-win” growth bets: a robotaxi partnership with Uber and Nuro,…
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US supply of long-range missiles, THAAD interceptors nearly exhausted: Reports
The U.S. military’s supply of its premier long-range missiles and interceptors for a key missile defense system are nearly exhausted after over five months of airstrikes against Iran, underscoring worries about U.S. preparedness to fight other conflicts that may emerge around the world, news outlets reported on Tuesday. The Army has expended “virtually all” of…
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The Saudi-led $55 billion takeover of EA has closed
Electronic Arts has completed its $55 billion takeover by a consortium led by Saudi Arabia’s Public Investment Fund, marking one of the biggest changes in ownership in the video game industry’s history. The deal, which closed on Tuesday, returns EA to private ownership and is the largest leveraged buyout ever recorded, though it leaves the…
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EA Acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners Is Now Complete
Electronic Arts has completed its $55 billion acquisition by a private investor consortium comprising Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners, closing a deal first announced in September 2025 and approved in December that year. It stands as the largest deal of its kind in gaming history, marking a major…
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PIF-led consortium completes $55bn take-private of Electronic Arts
Electronic Arts has officially completed its move to private ownership, with the $55 billion all-cash takeover by Saudi Arabia’s Public Investment Fund (PIF), Jared Kushner’s Affinity Partners and Silver Lake closing at the end of trading on 4 August 2026. The deal followed EA’s confirmation via a US Securities and Exchange Commission filing that all…
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EA Has Officially Been Sold, And What Comes Next Could Be Painful
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