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Saudi Arabia's sovereign wealth fund and Jared Kushner's Affinity Partners has completed its $55 billion takeover of EA Sports
United States💼 Business5 hr. ago

Saudi Arabia's sovereign wealth fund and Jared Kushner's Affinity Partners has completed its $55 billion takeover of EA Sports

Saudi Arabia's sovereign wealth fund, in partnership with Jared Kushner's Affinity Partners, has finalized a $55 billion acquisition of EA Sports. As part of the deal, EA stockholders received $210 per share in cash. The transaction resulted in EA Sports being delisted from the Nasdaq stock exchange. This acquisition represents a significant shift in ownership for the video game publisher, which is known for franchises such as FIFA and Madden NFL. The move could impact the company's strategic direction, operations, and future product development.

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Quartz logoQuartzIndependentCenter5 hr. ago
Saudi Arabia's sovereign wealth fund and Jared Kushner's Affinity Partners has completed its $55 billion takeover of EA Sports

Saudi Arabia's sovereign wealth fund, in partnership with Jared Kushner's Affinity Partners, has finalized a $55 billion acquisition of EA Sports. As part of the deal, EA stockholders received $210 per share in cash. The transaction resulted in EA Sports being delisted from the Nasdaq stock exchange. This acquisition represents a significant shift in ownership for the video game publisher, which is known for franchises such as FIFA and Madden NFL. The move could impact the company's strategic direction, operations, and future product development.

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