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Affinity Partners

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EA goes private after $55B buyout; debt load and cost cuts spark anticipated layoffs
business20 days ago

EA goes private after $55B buyout; debt load and cost cuts spark anticipated layoffs

Electronic Arts has completed a $55 billion leveraged buyout led by the Saudi Public Investment Fund with Silver Lake and Affinity Partners (led by Jared Kushner), taking EA private and paying $210 per share to stockholders. The deal adds about $18 billion in debt and has the new owners planning roughly $700 million in annual cost cuts, including organizational efficiencies, which has sparked expectations of mass layoffs as the company restructures under private ownership.

via Eurogamer.net|
#affinity-partners#business#ea
EA Goes Private as Investor Trio Tops $55B in Take-Private Deal
business21 days ago

EA Goes Private as Investor Trio Tops $55B in Take-Private Deal

Electronic Arts has been fully taken private by a consortium of investors—the Public Investment Fund of Saudi Arabia (PIF), Silver Lake, and Affinity Partners—for $55 billion, delisting its stock and paying shareholders $210 per share. The record-breaking all-cash deal ushers EA into a new chapter, but the future of certain studios and projects remains uncertain even as 2026 sports titles (Madden 27, FC 27, NHL 27, Star Wars Zero Company) and other planned releases are expected to proceed under the new ownership.

via Game Informer|
#acquisition#affinity-partners#business
Saudi PIF Leads $55B Takeover of EA with Kushner-Backed Partners
business21 days ago

Saudi PIF Leads $55B Takeover of EA with Kushner-Backed Partners

EA was taken private in a $55 billion deal led by Saudi Arabia’s Public Investment Fund, with Silver Lake and Jared Kushner’s Affinity Partners as investors; about $36B in equity and $20B in debt financing from JPMorgan, closing on August 4, 2026. EA will remain headquartered in Redwood City and preserve creative control, with no immediate layoffs promised.

via Game Developer|
#affinity-partners#business#ea
Albania protests swell against Kushner-linked Adriatic resort plan
world2 months ago

Albania protests swell against Kushner-linked Adriatic resort plan

Thousands gathered in Tirana and Vlora in one of the largest rallies yet to oppose a proposed multi‑billion‑euro luxury tourism project on Albania’s Adriatic coast tied to Jared Kushner’s Affinity Partners, spurring the so‑called ‘flamingo revolution’ over environmental and opaque real‑estate concerns and pressing for Prime Minister Rama’s resignation, while the government defends the project.

via CNBC|
#affinity-partners#albania#flamingo-revolution
Kushner-backed Albanian Sazan Island resort sparks environmental protests and transparency concerns
world2 months ago

Kushner-backed Albanian Sazan Island resort sparks environmental protests and transparency concerns

Jared Kushner’s investment firm Affinity Partners is backing a €1.4 billion plan to turn part of Albania’s Sazan Island into a luxury resort, a project that has provoked environmental protests and questions about investor transparency, while Kushner—the former White House adviser and Trump ally—remains a prominent, Saudi-backed figure with ongoing diplomacy and international investment links.

via Euronews.com|
#affinity-partners#albania#jared-kushner
Brussels warns Albania over Trump-linked resort near protected Adriatic coast
world2 months ago

Brussels warns Albania over Trump-linked resort near protected Adriatic coast

Brussels warned Albania to act quickly to avoid jeopardizing its EU bid over a €1.4B Affinity Partners–backed resort on the protected Adriatic coast (Narta Lagoon/Sazan), citing potential environmental rule breaches (Chapter 27); protests persist, SPAK investigates changes to protective laws, and Prime Minister Rama defends the plan amid accusations of a hybrid-war tactic by opponents.

via Euronews.com|
#affinity-partners#albania#environment
Kushner-backed luxury resort in Albania sparks protests
world2 months ago

Kushner-backed luxury resort in Albania sparks protests

Protests in Tirana against a $4 billion Kushner-backed luxury resort planned for Sazan Island and nearby wetlands have drawn thousands, with opponents arguing the project threatens delicate ecosystems and lacks transparent scrutiny. Backed by Affinity Partners, the development would also involve land interests linked to Qatari investors and state-owned Sazan Island; supporters say it would boost tourism and create jobs. Ivanka Trump has publicly reflected on the island, and Prime Minister Edi Rama defends the project as economically valuable, while critics frame it as risky and opaque. If scrapped, it would mark a second Kushner-backed Balkan project to fail after Belgrade.

via Financial Times|
#affinity-partners#albania#ivanka-trump
Albania on edge as Kushner-backed luxury resort faces mounting protests
world2 months ago

Albania on edge as Kushner-backed luxury resort faces mounting protests

Protests in Tirana escalate against Jared Kushner–backed plans for a $1.6 billion luxury resort on Albania’s environmentally sensitive coast, with critics accusing the government of a lack of transparency and potential damage to biodiversity (including the Sazan area’s monk seals and flamingos). The prime minister, Edi Rama, defends the investment and vows negotiations will continue, while activists call for bulldozers to be removed and habitats restored. SPAK has opened an inquiry into changes affecting protected areas amid renewed scrutiny of the project.

via The Guardian|
#affinity-partners#albania#environment
Flamingo Fever in Tirana as Kushner-Backed Resort Sparks Protests
world2 months ago

Flamingo Fever in Tirana as Kushner-Backed Resort Sparks Protests

Thousands gathered in Tirana for a fourth night of protests against Jared Kushner’s plan to develop a luxury resort on Sazan Island and the Zvernec coastline, arguing it would threaten flamingo habitat and Albania’s natural heritage. The grassroots movement, symbolized by cardboard flamingos, has drawn security crackdowns and a corruption probe into land ownership, while PM Edi Rama says environmental assessment is ongoing and the project could proceed amid domestic and diaspora opposition.

via politico.eu|
#affinity-partners#albania-protests#flamingo-revolution
Ivanka Trump’s Albanian Island Resort Plan Triggers Protests and Corruption Probe
politics2 months ago

Ivanka Trump’s Albanian Island Resort Plan Triggers Protests and Corruption Probe

Ivanka Trump and Jared Kushner are facing angry backlash over plans to develop Sazan Island in Albania into a luxury resort, spurring protests and a SPAK anti-corruption probe into 2024 changes that allowed development. The project—backed by Kushner’s Affinity Partners and reportedly worth around $1.4 billion—has drawn government defense that it won’t encroach on protected areas, but locals and critics fear privatization of a national treasure amid environmental concerns.

via The Daily Beast|
#affinity-partners#albania#ivanka-trump
Albania probes Kushner-linked resort amid wetlands protests
politics2 months ago

Albania probes Kushner-linked resort amid wetlands protests

Albania’s anti-corruption prosecutors opened an inquiry into changes that would allow Affinity Partners’ luxury resort plan on the protected Sazan island and nearby Vjosa-Narta wetlands, triggering citizen and environmental protests while the government says the project proposal and environmental studies are not finalized and the deal is still under discussion amid EU accession efforts.

via politico.eu|
#affinity-partners#albania#jared-kushner
Kushner Faces Sweeping Probe Over Diplomatic Duties and Private Investments
politics4 months ago

Kushner Faces Sweeping Probe Over Diplomatic Duties and Private Investments

Democratic Rep. Jamie Raskin launches a sweeping inquiry into Jared Kushner’s dual role as a U.S. envoy and head of Affinity Partners, arguing this conflict of interest could influence U.S. foreign policy, including Ukraine peace efforts; the probe requests documents from the White House and Kushner’s investors, signaling heightened scrutiny of the Trump-era diplomat.

via The Kyiv Independent|
#affinity-partners#conflict-of-interest#diplomacy