Saudi-Led Group Completes $55 Billion Purchase of Gaming Giant EA

3-line summary

• A group led by Saudi Arabia's Public Investment Fund, including Affinity Partners, completed a $55 billion buyout of Electronic Arts, taking the company private, according to the report.
• PIF put in $36 billion and borrowed $20 billion from JPMorgan to close the deal, which is described as the largest leveraged buyout in history, per the report.

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