Saudi Arabia, Jared Kushner and Electronic Arts
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Jared Kushner’s firm and the Saudis are taking video game maker EA private in a massive deal
Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm.
Months before Electronic Arts Inc. and Saudi Arabia’s sovereign wealth fund agreed to a record-breaking buyout deal, President Donald Trump’s son-in-law made a pivotal introduction.
Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is run by President Donald Trump ’s son-in-law, Jared Kushner.
Karoline Leavitt defended Trump’s son-in-law, who’s raked in millions from the Middle East, and claimed he’s “donating” his time to “secure world peace.”
Video game firm Electronic Arts is set to be acquired for about $55 billion in an agreement involving Saudi Arabia's Public Investment Fund, a private equity group and an investment firm founded by Jared Kushner,
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EA Games agrees to a $55 billion acquisition by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners.
Since the Abraham Accords were signed in 2020, Kushner has expanded his business portfolio in partnership with Saudi Arabia.
The deal, led by Ivanka Trump’s husband Jared Kushner, is set to make shareholders $210 per individual share in the biggest leveraged buyout on record