Saudi Wealth Fund And Jared Kushner's Affinity Finalize $55 Billion EA Sports Deal
Deals·1 article across 1 outlet
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Saudi Arabia's wealth fund and Jared Kushner's Affinity have completed a $55 billion deal for EA Sports. EA said its stock has ceased trading and will be delisted from the Nasdaq, with shareholders receiving $210 in cash per share.
This acquisition marks a significant move in the gaming industry, reflecting the growing interest of sovereign wealth funds in entertainment assets. The deal underscores the financial power of the Saudi wealth fund and its strategy to diversify investments beyond traditional sectors.
Saudi Wealth FundJared KushnerEA Sports
Sources
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SourceReports the news
“EA said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210 in cash per share.”
CNBC — Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal