Kushner’s Secret Saudi Talks Paved Way for $55 Billion EA Deal

Here is a 189-word summary of the article: In the months leading up to Electronic Arts' (EA) $55 billion buyout deal with Saudi Arabia's sovereign wealth fund, Jared Kushner, former President Trump's son-in-law, played a key role by facilitating introductions between the parties. The deal, which represents the largest acquisition in the video game industry's history, was set in motion through secret talks between Kushner and Saudi officials. Kushner, who served as a senior adviser in the Trump administration, has longstanding ties to the Saudi royal family and has been involved in other controversial dealings with the kingdom. The acquisition, led by Saudi Arabia's Public Investment Fund (PIF), signals the country's growing ambitions in the global tech and entertainment sectors. The PIF has been actively investing in high-profile companies, including stakes in Uber, Disney, and now the prominent video game publisher EA. The article highlights the influential role Kushner played in paving the way for this landmark deal, underscoring the complex and opaque relationships between US political figures and Saudi Arabian interests.
Source: For the complete article, please visit the original source link below.