A move makes EA a private company and the largest leveraged buyout in history.
532In a $55 billion deal backed by Saudi Arabia and just a week before the release of Battlefield 6: a move comes that turns EA into a private company and into the largest leveraged buyout in history, with no less than $20 billion in debt that they will now have to pay off somehow and yes, everything points to it being with your microtransactions and season passes 🎮💳. Andrew Wilson, CEO of EA, painted it as a “bright future” full of innovation and opportunities, but many fans and former developers don’t see it so pretty: Patrick Weekes, formerly of BioWare, summed up the deal as “guns and football in, woke stuff and RPGs out,” making clear the fear that studios like BioWare will end up on the chopping block ⚔️. Meanwhile, shareholders celebrate with $210 per share and the Saudi Fund continues to reinforce its sportswashing strategy 🌍⚽. On Reddit, Mass Effect fans have already dubbed the announcement with a fatalistic "It's over, Commander," anticipating that the series and other projects could be buried under financial pressure. EA claims to be stronger than ever, but the community suspects this "new beginning" may actually be the beginning of the end 🚨👀.
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