Much like a football club buyout TBH, buying an entertainment business by raising a large amount of debt against its ongoing cashflow. Anyway, end of (some kind of) an era. Hopefully the $210 a share will help some employees cope with the inevitable mass layoffs. www.bbc.com/news/article...
Saudi-led group completes $55bn purchase of gaming giant EA
The deal takes the maker of titles including The Sims and EA FC into private ownership - and loads it with debt.
bbc.com