Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private (msn.com) 12
Videogame maker Electronic Arts is in advanced talks to go private in a roughly $50 billion deal that would likely be the largest leveraged buyout of all time, WSJ is reporting, citing people familiar with the matter. From the report: A group of investors including private-equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Jared Kushner's investment firm Affinity Partners could unveil a deal for the publisher best known for its sports games as soon as next week, the people said.
EA has long made games including FIFA, the soccer videogame now known as FC, and the football game Madden NFL as well as The Sims and other titles. The California-based company had a market value of around $43 billion before The Wall Street Journal reported on the talks, which sent the stock up nearly 15% Friday. Its shares closed at $193.35, a record high, giving the company a market value of around $48 billion.
EA has long made games including FIFA, the soccer videogame now known as FC, and the football game Madden NFL as well as The Sims and other titles. The California-based company had a market value of around $43 billion before The Wall Street Journal reported on the talks, which sent the stock up nearly 15% Friday. Its shares closed at $193.35, a record high, giving the company a market value of around $48 billion.
Oldest computer game company? (Score:1)
I assume this is the same Electronic Arts that made computer games in the 1980s?
So does that make them the oldest computer game company still operating?
(I'm not including Nintendo because they did/still do games for dedicated consoles and not general purpose computers.
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Was this dup on purpose? (Score:2)
Seriously, editors, not even 12 hours before you repost the story? [slashdot.org]
Well, as of right now, the OG posting only got 12 comments. I'm thinking maybe the dup is to try and generate more comments than the original, even if most of them would be about the duplicate posting.
The number of publicly listed videogame companies (Score:3)
number of publicly listed companies (Score:3)
We are headed for a future where fewer and fewer companies will be traded on the public stock market.
We will have a, now that the USA 401k retirement funds can, choice of investing in government bonds, private company debt and 'stocks' which are merely thin wrappers around a poll of privately run companies with no transparency, no reporting, and a lot less oversight of those companies.
The long tern net effect will be an asset deflation and slow price decline and cannibalization of once profitable companies
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"further consolidation"
I do not think that word means what they think that word means.
New propaganda frontier... (Score:2)
Right-wing propaganda in computer games is the best way to groom your electorate...
And it is much easier to do with private company...
Rinsing and Repeating Is Profitable (Score:2)
EA does tend to put the same shit out every year with a new timestamp on it.
Well, that would be a death knell for EA... (Score:3)
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