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EA reportedly plans to go private with help from Silver Lake and Saudi Arabia
Electronic Arts is close to reaching a $50 billion deal that will turn it into a private company, according to The Wall Street Journal.
Electronic Arts is close to reaching a $50 billion deal that will turn it into a privately held company, according to The Wall Street Journal. It's worth noting that EA's shares are already tied to major financial organizations, even though it's publicly traded, with Saudi's PIF owning almost 10 percent of the company. As Reuters notes, analysts believe Saudi is interested in buying out EA due to its annual release of popular sports titles, including Madden and NHL, which makes for predictable earnings.
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