All articles tagged with #investment group
Electronic Arts is being acquired in a $55 billion buyout by an investor group including Saudi Arabia’s sovereign wealth fund, Jared Kushner's firm, and Silver Lake Partners, marking the largest private equity buyout in history.
Electronic Arts stock surged nearly 15% after reports that a group of investors, including Silver Lake, Saudi Arabia's Public Investment Fund, and Jared Kushner's Affinity Partners, are close to a $50 billion deal to take the company private, potentially the largest leveraged buyout ever.
Former Treasury Secretary Steven Mnuchin announced plans to form an investor group to purchase TikTok amid concerns about its Chinese ownership and national security implications. The House passed a bill that would ban TikTok in the U.S. if its Chinese owner does not sell its stake, prompting Mnuchin's move. The bill now goes to the Senate, where its prospects are uncertain. Mnuchin emphasized the need for U.S. ownership of TikTok and suggested that big tech companies may face antitrust issues in acquiring the platform. The potential sale comes amid ongoing concerns about data security and U.S.-China relations.