""Games have really become a foundational part of entertainment," Booty told Variety. "And as such, I think we're seeing these valuations and transactions that really reflect their place in modern entertainment.""
"The price of the sale "reflects the value that exists in all of" the gaming IP that EA owns, including Madden, FC, and The Sims, Booty said."
""I'm certainly not [a mergers and acquisition] expert, but I would look at the value of the transaction really being about the forward-looking value of the IP and the stories and what they've created, even more so than necessarily, the static or rearward-looking value," he said."
EA announced a proposed $55 billion sale that would take the company private, with Saudi Arabia's Public Investment Fund expected to acquire over 93% ownership and Affinity Partners and Silver Lake holding the remainder. The deal would be the largest leveraged buyout in history and requires EA to raise about $20 billion as part of the transaction. Matt Booty noted that games are now foundational to entertainment and that the valuation reflects forward-looking IP value and storytelling. The sale is expected to close in 2026 pending regulatory approval. Workers have criticized the potential harm to employees, citing risks of layoffs, studio closures, and asset sales.
Read at GameSpot
Unable to calculate read time
Collection
[
|
...
]