Donald Trump’s aim to make gaming great again does not involve it being in the US as his son-in-law is set to help make a whopping multi-billion dollar deal involving money from the Saudi Arabian government
Donald Trump’s son-in-law appeared to get a helping hand as he is set to lead a $55billion deal backed by Saudi Arabia to buy Electronic Arts.
Despite Trump’s desire to impose hefty tariffs in order to manufacturing in the US and make the county “great again”, his latest whopping deal will involve Saudi Arabia’s Public Investment Fund to make the purchase. The deal, led by Ivanka Trump’s husband, Jared Kushner, is set to pay shareholders $210 per individual share, marking the largest leveraged buyout on record.
Electronic Arts Inc. is an American video game company headquartered in Redwood City, California. Founded in May 1982 by former Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry.
The company has created some of the most famous video games in the world, including The Sims, Plants vs Zombies and Titanfall.
It is also the owner of EA Sports, which made some of the biggest sport video games in the world, including, until recently, the FIFA series, now called EA FC.
Kushner is by no means new to business. In 2021, he founded the investment firm Affinity Partners in 2021.
The company often invests in American and Israeli companies, and much of its funding from the Saudi government. According to Forbes, launching Affinity Partners had boosted “Kushner’s net worth to at least $900 million”.
While Trump is keen to keep business in the US – by his won words – the use of foreign funds has not gone without benefits. Forbes also said Kushner’s net worth increased by 180% since becoming senior advisor to Trump in 2024.
Now, the businessman says that he is “excited” about the sale of Electronic Arts.
He said: “Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future.
“I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games – and now enjoys them with his kids – I couldn’t be more excited about what’s ahead.”
The buyout will take a while and is expected to close in 2027, during the first quarter of the financial year.
Andrew Wilson, the brand’s CEO, will remain in post after the sale goes through.
He said “Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities.
“Together with our partners, we will create transformative experiences to inspire generations to come. I am more energised than ever about the future we are building”.
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