A Saudi-led group has completed its $55bn acquisition of Electronic Arts, taking the video game publisher behind The Sims and EA FC into private ownership and loading it with debt, according to the BBC.
Key facts
- A Saudi-led group has completed a $55bn purchase of Electronic Arts (EA), according to the BBC.
- The deal takes EA into private ownership.
- EA is the maker of titles including The Sims and EA FC.
- The BBC reports the acquisition loads the company with debt.
A Saudi-led group has completed its $55bn purchase of the video game publisher Electronic Arts, the company behind titles including The Sims and EA FC, according to the BBC.
The BBC reports that the transaction takes EA into private ownership and loads the company with debt.
EA’s portfolio includes the long-running life-simulation series The Sims and the football title EA FC.
Why it matters
Electronic Arts is a major games publisher, so a change in ownership on this scale could influence how some widely played titles are run. According to the BBC, the move into private ownership and the added debt may shape the company's future direction.
Frequently asked questions
Who bought Electronic Arts?
According to the BBC, a Saudi-led group completed the $55bn purchase of Electronic Arts.
What games does EA make?
EA is the maker of titles including The Sims and EA FC, as reported by the BBC.
What does going private mean for EA?
The BBC reports the deal takes EA into private ownership and loads it with debt; the source does not provide further detail on operational changes.