Electronic Arts set to be purchased for $55bn

Video game giants Electronic Arts, the manufacturers of classic series such as FC (formerly known as FIFA) Madden, NBA Live, and the Sims, is set to be purchased for a mind-blowing $55bn by a group of investors

What does this mean for Electronic Arts in particular, and the gaming industry at large? Well…Jamie says!!!

According to an article from Sky News, the investors are reported to be the private equity firm Silver Lake Partners, Saudi Arabia‘s Public Investment Fund (PIF), who also happen to own Premier League side Newcastle United, and Jared Kushner‘s Affinity Partners, with each company rumoured to be shelling out an impressive $210 each per share, and as a result of the takeover, the company will now go private!

In my personal opinion, as long as the standard of quality of games from Electronic Arts (under both EA Games and EA Sports) doesn’t drop (I personally pray it continues to improve) and it allows for better options on the market, then this can only be a good thing. It will be interesting to see what the domino effect will be. Will we see similar takeovers occur for other giants such as Konami and Ubisoft? Will someone else emerge from the shadows and challenge the status quo? Time will tell!

What do you think will happen as a result of this bid?

Gamers, business analysts, and social commentators, kindly share your two cents in the comments section!

Thanks for taking the time to read the article

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