Jason Schreier (@jasonschreier.bsky.social)
bsky.app
It’s official: EA is going private. The leveraged buyout will be financed by a staggering $20 billion of debt, which likely means some *aggressive* cost cutting is ahead for EA in the coming months and years. https://www.businesswire.com/news/home/20250929186526/en/EA-Announces-Agreement-to-be-Acquired-by-PIF-Silver-Lake-and-Affinity-Partners-for-%2455-Billion

In a deal involving a company owned by Jared Kushner, a company that is basically just the Saudis, and $20B of debt.

  • P03 Locke@lemmy.dbzer0.comEnglish
    133·
    28 days ago

    Going private could have been a net positive. But, not from venture capitalists, and certainly not from the Saudis.

    Also, taking on this much debt as part of the buyout is just asking to be gutted and carved out, complete with record-breaking layoffs.