Just a few days after the original rumor, Electronic Arts (EA) confirmed yesterday that it is indeed getting a $55 billion buyout from a Consortium of investors that includes PIF, Saudi Arabia’s sovereign investment fund, Silver Lake (an American global private equity firm), and Affinity Partners, an American investment firm founded in 2021 by Jared Kushner, the son-in-law of current United States president Donald Trump. Now that the dust has started to settle, though, the first reports from reputable sources suggest that there might be massive layoffs on the way at EA, and it’s not just history suggesting that after […]
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