All articles tagged with #go private
Electronic Arts is set to close its $55 billion go-private merger next week after obtaining all regulatory approvals, with completion targeted around the close of trading on August 4, 2026. The Redwood City, California–based publisher will stay headquartered there and remain led by CEO Andrew Wilson, in a deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners.
People Incorporated, formerly IAC, has made a non-binding all-cash proposal to acquire MGM Resorts International for $48.30 per share of MGM stock not already owned, representing a premium to recent trading levels. With about 26.1% of MGM currently held, People Incorporated would own just over 50% post-close and take MGM private, financing the deal with existing cash plus debt and new equity commitments. The proposal is subject to definitive documentation, due diligence, and regulatory approvals, and MGM's board would need to consider it under Delaware procedures; management continuity is anticipated.