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From Trump Tower to EA Tower: Kushner's Plan to Dominate Video Games
['Melvin Gascon']
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Electronic Arts (EA), the powerhouse behind global gaming titles such as Battlefield, The Sims, and Madden NFL, is set to be acquired in a record-shattering $55 billion (£41.2 billion) deal.
The deal, announced on 29 September, is led by Saudi Arabia's Public Investment Fund (PIF), private equity firm Silver Lake, and Jared Kushner's Miami-based investment company Affinity Partners.
If approved, it will become the largest leveraged buyout in history, surpassing the $32 billion (£24 billion) TXU Energy deal of 2007, Reuters reported.
Once complete, EA stock will be delisted and the company taken private, as first reported by The Verge.
Kushner's Affinity Partners Steps ForwardFounded in 2021, Kushner's Affinity Partners manages over $5.4 billion in assets with a 30-member team focused on growth equity and technology investments.