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.
Oh, cool, another buyout where the buyer doesn’t have to actually pay for it, they just take out a loan and magically make the company pay for it.
This shit needs to be made illegal. All it does is kill off businesses. Sears and JoAnn Fabrics both died to this trash.
Toys R Us too 🤬
It’s the workers who pay the price for the greed of the CEOs, shareholders, and the new owners.
Basically Tesla, oof