EA is now a private company

Electronic Arts has officially go a backstage company. Last September, EA announced that an capitalist radical led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would beryllium taking the institution backstage successful a $55 cardinal deal, and connected Tuesday, EA said the woody successfully closed. The PIF volition reportedly own 93.4 percent of the caller company.

The woody includes $20 cardinal of indebtedness financing - making it the largest leveraged buyout ever - which could mean big changes astatine EA to warrant the deal. As of late, EA has been focusing heavy connected its large tentpole franchises, including things similar Battlefield, its sports games l …

Read the afloat communicative astatine The Verge.