EA goes private in $55B deal led by Saudi Arabia's Public Investment Fund

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Electronic Arts has officially transitioned to a private company after a $55 billion buyout deal closed on Tuesday. The acquisition is led by an investor group comprising Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners. PIF will hold approximately 93.4 percent ownership of the newly privatized company. The deal involves $20 billion in debt financing, making it the largest leveraged buyout in history. The significant financial burden is expected to drive major strategic changes at EA as the company works to justify the investment.

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