EA has released an official statement on its future after the $55 million deal to go private, saying the buyout won't affect its mission or values. The deal has been subject to much speculation once news of it broke, with many industry insiders and fans alike questioning what it might mean for the company and gaming as a whole. While the future may still be uncertain, EA wants to reassure people that not much is changing.
In late September, EA confirmed it was going private in a $55 million deal, marking the largest leveraged buyout in history. Should the acquisition get regulatory approval, the gaming giant will be owned by a consortium consisting of two U.S. private equity groups and Saudi Arabia's Public Investment Fund (PIF). It's a massive change in ownership, as EA is currently a public company, but its leaders insist that it won't mean a similar change in its work or employee considerations.
In a proxy statement filed with the SEC, EA offered its employees an FAQ about the privatization deal, reassuring them that its "mission, values, and commitment to players and fans around the world remain unchanged." The statement says that EA will "maintain creative control"...
