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EQUIPEngadget · 1h ago

The Saudi-led $55 billion takeover of EA has closed

Executive Brief

The 30-second read

Electronic Arts has transitioned to a privately held entity following the completion of a Saudi-led $55 billion acquisition. The transaction concludes the company's public trading status but introduces $20 billion in new debt to its balance sheet.

  • 01Saudi-led investors finalized a $55 billion acquisition to take Electronic Arts private
  • 02The deal leaves the gaming giant burdened with $20 billion in new corporate debt
  • 03Electronic Arts has officially ceased trading as a publicly listed company
  • 04Capital structure changes represent a significant shift for the global interactive entertainment sector

AI-generated summary · Verify at source

Electronic Arts is once again a privately held company, but it's saddled with $20 billion in new debt.