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HomeNEWSSaudi Arabia Takes Over EA Games, a Company with Offices in Romania

Saudi Arabia Takes Over EA Games, a Company with Offices in Romania

Electronic Arts Inc, one of the largest video game producers in the world, with a studio also in Romania, has accepted an offer from a consortium of private investors in a deal valued at $55 billion. This marks one of the biggest acquisitions in gaming history, following Microsoft’s purchase of Activision Blizzard two years ago.

Who Are the New Owners

The consortium acquiring EA Games includes Silver Lake Management (Saudi Arabia’s Sovereign Wealth Fund) and Affinity Partners, led by Jared Kushner, according to Bloomberg. The group agreed to pay $210 in cash per share for EA Games, the publisher behind major franchises such as FIFA (recently rebranded as “EA Sports FC”) and The Sims.

Read full article here: turnovernews.com

Read also: J.P. Morgan and other big romanian banks support Nuclearelectrica’s strategic projects with €620 million

Photo: CBC

Teodora Helerman
Teodora Helerman
Online editor, content writer, blogger, and social media specialist, with experience in writing and publishing news, creating original content, and adapting materials for various digital platforms.
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