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Leveraged buyout

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EA Goes Private in $55 Billion Saudi-Backed Buyout, Fueling Fears of Mass Layoffs

Electronic Arts has officially completed its $55 billion leveraged buyout by Saudi Arabia's Public Investment Fund, Silver Lake, and Jared Kushner's Affinity Partners. The deal, which loads EA with $18 billion in debt, has sparked widespread fears of mass layoffs as the publisher looks to cut $700 million in annual costs.

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