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Maroc Maroc - THECEKODOK.COM - A La Une - 29/Sep 08:43

EA to Go Private with $50 Billion Saudi Investment

Electronic Arts (EA) is set to go private as it is in talks to be sold for $50 billion. The three entities seeking to take over EA are Saudi Arabia's Public Investment Fund (PIF), Jared Kushner's (Donald Trump's son-in-law) Affinity Partners and private equity firm Silver Lake.PIF already holds nearly 10% of EA's shares and if the takeover is successful, Saudi Arabia will become a major investor in the world of video games with stakes in Activision Blizzard, Take-Two Interactive, Niantic and Embrace Group.The kingdom, which is also the host of the first Esports Olympics, is looking to make Qiddiya the world's video game city by building the largest ever esports stadium complete with 4D haptic seats and giant screens. EA is expected to announce the acquisition this week with final details still being worked out.

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