Electronic Arts (EA) $55 billion leveraged buyout is being financially backed through a $10.5 billion US market offering and a 4 billion euro ($4.65 billion) European offering, Bloomberg reported Thursday, citing people familiar with the matter.
JPMorgan Chase (JPM) is leading the lending group for the deal by Silver Lake Management, Saudi Arabia's Public Investment Fund, and Affinity Partners to buy out the video game company, the report said,
Electronic Arts and JPMorgan Chase did not immediately reply to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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