privatization

Electronic Arts’ shares jumped 15% following reports of a potential $50 billion privatization deal led by investors, including Saudi Arabia’s PIF and Silver Lake. This could be the largest LBO in history, driven by EA’s valuable IP like The Sims and Madden NFL. Privatization might allow EA to pursue long-term strategic investments, moving away from quarterly earning pressures. The deal highlights Saudi Arabia’s growing gaming sector investments. The impact on EA’s future strategy, employees, and the gaming industry is uncertain.

Rumors suggest a PR move by JD.com’s founder: reportedly, he ordered takeout at a luxury hotel and tipped the delivery driver a significant amount, posing for photos. This follows the recent privatization of a food delivery platform, formerly public, now a JD Group subsidiary. JD.com has also launched a food delivery service processing millions of daily orders.