#saudisovereignwealthfund — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #saudisovereignwealthfund, aggregated by home.social.
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The talks are expected to put a renewed spotlight on #AffinityPartners, which #JaredKushner, who is #Trump’s son-in-law, founded after Trump’s first term. The firm’s investors include the #SaudiSovereignWealthFund, known as the Public Investment Fund [#PIF], a relationship that has drawn scrutiny because Kushner used to deal with the #Saudi government while he was serving as an official in the first Trump admin. The wealth fund is also a longtime investor in #ElectronicArts.
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The people…said a deal could value the company, maker of such popular games as Madden NFL & Battlefield, at around $50B.
…Shares of #ElectronicArts rose nearly 15% on Friday after WSJ first reported the talks, giving it a market value of around $48B.
#AffinityPartners #JaredKushner #Trump #SaudiSovereignWealthFund #PIF
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#JaredKushner’s private #equity firm & a group of large investors are in talks to buy out the #VideoGame company #ElectronicArts in what could be one of the largest such deals ever, acc/to 2 people briefed on the discussion.
Kushner’s firm, #AffinityPartners, along with other investors including the #SaudiSovereignWealthFund [#PIF] & #SilverLakePartners are in talks to take the publicly traded company #private.