After the takeover, Saudi Arabia will hold 93.4 % of EA
, by Thibaut
Acquired for $55 billion last September, Electronic Arts will soon be almost entirely controlled by a single country.
According to a document seen by the Wall Street Journal, the Saudi Arabian Public Investment Fund (PIF) will own 93.4% of the publisher's shares once the acquisition is complete. Silver Lake will obtain 5.5% and Affinity Partners 1.1%. The latter is headed by Jared Kushner, the son-in-law of US President Donald Trump, and is largely financed by Saudi Arabia.
In total, the famous PIF will have to pay around $29 billion for its final stake. It should be noted that if the deal is approved by EA shareholders, it will become the largest leveraged buyout ever.
Source: wsj.com