The Saudis and Jared Kushner, but mostly the Saudis. It’s a private equity fund, and they used a leverage buyout for the sale, which means they basically took out a loan against the thing they’re buying in order to fund it. There’s a lot of debt to pay interest on, and cost cutting was inevitable.
Who was EA sold off to?
A.I is the reason.
The Saudis and Jared Kushner, but mostly the Saudis. It’s a private equity fund, and they used a leverage buyout for the sale, which means they basically took out a loan against the thing they’re buying in order to fund it. There’s a lot of debt to pay interest on, and cost cutting was inevitable.