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Investors including Saudi 's PIF are reportedly in "advanced talks" for a $50bn leveraged buyout of EA
A group of financial investors are in "advanced talks" with EA to go private with a valuation worth around $50 billion …
According to the Wall Street Journal (£), the investors – thought to include equity firm Silver Lake, Affinity Partners, and Saudi Arabia's controversial Public Investment Fund (PIF) – could announce a deal as soon as next week. News of the potential deal sent EA's share prices rocketing, closing 15 percent higher on Friday. Despite this, the PIF holds a notable stake in a swathe of gaming companies, including Grand Theft Auto publisher Take-Two Interactive, Nintendo, Embracer, Nexon, Capcom, and Ubisoft, after boss Yves Guillemot secured PIF funding, leading to new DLC for 2023's Assassin's Creed Mirageset in 9th century AlUla, an ancient Arabian city.
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