BBC·3 min read·medium
Saudi-led group completes $55bn purchase of gaming giant EA
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✦AI Summary
A Saudi-led investment group has finalized a $55 billion leveraged buyout of gaming giant Electronic Arts, taking the company private. The deal, which involves significant debt, has sparked industry concerns regarding potential layoffs and aggressive monetization strategies.
Image source, Electronic Arts Image caption, EA's football titles - from Fifa to EA FC - have sold over 325 million copies since the first release in 1993
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