All articles tagged with #private deal
Electronic Arts is set to be taken private in a $55 billion deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners, with shareholders receiving $210 per share in cash; the deal is expected to close in early 2027, and CEO Andrew Wilson will remain in his position.
Electronic Arts is set to go private in a $55 billion deal involving investors like Saudi Arabia's PIF, Silver Lake, and Jared Kushner's Affinity Partners, marking the largest leveraged buyout in history, with shareholders receiving $210 per share.
Space company Astra, after a dismal run as a publicly-traded stock, will go private in a deal with its founders to acquire all outstanding common stock at 50 cents a share, aiming to avoid bankruptcy. The company's market value is now about $13 million, a fraction of its $2.6 billion equity valuation at its public debut three years ago. Astra's rocket-launching business has been on hiatus since a June 2022 mission failure, and despite efforts to drive revenue, the company recorded over $750 million in net losses since announcing it would go public.