Home Top stories Saudi Arabia buys electronic art for $ 55 billion – Indian

Saudi Arabia buys electronic art for $ 55 billion – Indian

0
Saudi Arabia buys electronic art for $ 55 billion – Indian

Company Electronic art confirmed that he is under a group of private investors, among which he plays an important role Saudi State Investment Fund (PIF), complemented by a silver lake and affinity partners.

The value of the transaction is approximately 55 billion dollarsWhat makes him one of the greatest acquisitions in the history of the gaming industry. For comparison: in 2022, Microsoft called Activision Blizzard King for $ 69 billion.

Investors will take possession 100 % EA sharesWhile shareholders receive 210 US dollars for cash – 25 % more than the last market price and to the historical maximum. It is expected that the transaction will be completed in the first quarter of the 2027 financial year (until June 2026). The agreement has already been approved by the board of directors.

The company’s management remains unchanged – Director General Andrew Wilson will lead EA And the place will remain in Redwood -City in California. According to the official statement, this acquisition is to speed up the growth of the company and strengthen your vision of “building the future entertainment.”

PIF (State investment fund), closely related to the Crown Prince Mohammed Bin Salman, has been trying for a long time to diversify the economy of Saudi Arabia outside the oil industry. The game business is already owned by Interactive Take-Two and are fully controlled by the Japanese company SNK. Investments should modernize the kingdom, but at the same time they cause disputes from the situation in the field of human rights.

Affinity PartnersLed by Jared Kushner (Sleep -in -with the US President Donald Trump) receives most of the capital from the government of Saudi Arabia. Kushner described EA as an “unusual company” and emphasized that he was close to her as a long -term player.

Silver Lake He appreciates the results of Andrew Wilson, who doubled EA income and significantly increased his value on the stock exchange. According to the cooperative director of Egon Durban, the Světlá Future company expects an emphasis on expansion and innovation.

Electronic Arts develops and produces brands such as Battlefield, EA Sports FC, NHL, Madden NFL, Sims, Mass Effect, Dragon Age, Apex Legends, the need for speed, titanium or dead space. Through your program EA Originals She helped with cooperative hits, occupies two and dividing literature. From Hazelight Studios.

Continue on the Internet

Source :Indian TV

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version