#saudi-public-investment-fund

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fromSlate Magazine
1 day ago

This Video Game Was a Safe Haven for Millions. Now It Belongs to People Who Hate Them.

In 1999, a programmer named Patrick Barrett joined the video game studio Maxis to help develop the video game that would become The Sims. Working from an out-of-date design handbook, he coded the game to allow for same-sex relationships-even though the studio initially decided not to include queer relationships for fear of backlash. The game was demoed to press with a wedding scene at E3 1999, and during the demo two female Sims kissed.
Video games
fromwww.aljazeera.com
2 days ago

Saudi fund, Kushner's firm to buy games maker Electronic Arts in $55bn deal

Battlefield and Madden NFL developer agrees to sell itself in a deal that would be the largest leveraged buyout in history. Saudi Arabia's sovereign wealth fund, an investment company run by the son-in-law of the United States president, and a California-based private equity firm have bought gaming industry giant Electronic Arts (EA) in the largest leveraged buyout in history worth $55bn.
Business
fromArs Technica
3 days ago

EA will be a very different company under private ownership

"All public AAA companies have overemphasized 'returning value to shareholders' over taking care of all stakeholder groups, including labor," he said. "Now, that will be shifted to keeping the company afloat amidst enormous debt payments and servicing [private equity] owners."
Business
Video games
fromKotaku
3 days ago

What Saudi Arabia Buying EA Means For Battlefield 6, Sports Games, And More

Saudi Arabia's sovereign fund is using massive investment and overpaying to acquire cultural gaming IP, privatizing legacy publishers and reshaping the industry's power dynamics.
Business
fromsfist.com
3 days ago

Jared Kushner Partners With Saudis to Buy Bay Area-Based Game-Maker Electronic Arts

Electronic Arts could be taken private in a $55 billion buyout led by Saudi Arabia's Public Investment Fund, Affinity Partners, and Silver Lake.
Video games
fromKotaku
3 days ago

The Internet Reacts To Electronic Arts' $55 Billion Acquisition

Electronic Arts will be acquired by Saudi Arabia’s Public Investment Fund with Silver Lake and Affinity Partners, raising concerns about influence, censorship, and queer safety.
#mergers--acquisitions
fromGameSpot
3 days ago
Business

EA Goes Private In $55 Billion Deal From Saudi Arabia, Jared Kushner's Company, And Others

fromGameSpot
3 days ago
Business

EA Goes Private In $55 Billion Deal From Saudi Arabia, Jared Kushner's Company, And Others

Business
fromTechCrunch
6 days ago

Electronic Arts will reportedly be acquired for $50B | TechCrunch

Electronic Arts is nearing a $50 billion sale to investors including Silver Lake and Saudi Arabia's Public Investment Fund, likely the largest leveraged buyout.
fromESPN.com
1 month ago

Striker moves are prompting more striker moves: Here's how top Premier League clubs net out

This summer, everyone wanted a striker. First, Chelsea signed Liam Delap from Ipswich Town and João Pedro from Brighton. Then Arsenal signed Viktor Gyökeres from Sporting CP, and Liverpool signed Hugo Ekitike from Eintracht Frankfurt. Then Liverpool tried to sign Alexander Isak from Newcastle, before he publicly stated he no longer wants to play for Newcastle. Except, Newcastle were about to sign Ekitike, a strikingly similar player to Isak, until Liverpool jumped in.
Soccer (FIFA)
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