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00:02A consortium led by Saudi Arabia's public investment fund
00:05has completed its $55 billion acquisition of Electronic Arts, according to CNBC.
00:11The deal included financing from Silver Lake and Affinity Partners,
00:15the firm led by Jared Kushner.
00:17EA said its shares have stopped trading and will be delisted from the Nasdaq,
00:21with shareholders receiving $200 per share in cash.
00:25PF said entertainment and sports remain strategic priorities for the fund.
00:30The deal is reportedly backed by a $20 billion loan from J.P. Morgan.
00:35Analysts have raised concerns about EA's debt load,
00:37saying it could push the company to focus on established franchises such as The Sims,
00:42Battlefield, and its sports titles,
00:44while limiting investment in new intellectual property.
00:47For all things money, visit Benzinga.com.
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