EA’s new owners are making “a huge bet” on generative AI cost-cutting to help repay a $20 billion loan, claims report
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Yesterday, a group of moneyfolk including private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund, and Donald Trump son-in-law Jared Kushner’s Affinity Partners unveiled plans to acquire Electronic Arts for an estimated $55 billion. The buyers are committing $36 billion of their own equity (briefly and inexpertly, “equity” is the value of your assets […]