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EA, the maker of popular games like Madden NFL and Battlefield, is being purchased by a group including Saudi Arabia's sovereign wealth fund, PIF, Silver Lake Management, and Affinity Partners, which is owned by Jared Kushner, the son-in-law of U.S. President Donald Trump. As a result, PIF will hold the majority stake in EA, while Affinity Partners will own 5%.
Goldman Sachs was the only financial advisor for EA in this deal, which is regarded as the largest leveraged buyout in history. The bank received $10 million once the deal with the consortium was announced, and the remaining $100 million will be paid when the transaction closes, which is expected in the second quarter of next year.
After the deal is finalized, EA will become a private company, and its shares will no longer be available for trading on the stock market.
source: ft.com
Goldman Sachs was the only financial advisor for EA in this deal, which is regarded as the largest leveraged buyout in history. The bank received $10 million once the deal with the consortium was announced, and the remaining $100 million will be paid when the transaction closes, which is expected in the second quarter of next year.
After the deal is finalized, EA will become a private company, and its shares will no longer be available for trading on the stock market.
source: ft.com
