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Leveraged Buyout

All articles tagged with #leveraged buyout

Stripe-Backed PayPal Buyout Talks Derailed
business7 days ago

Stripe-Backed PayPal Buyout Talks Derailed

A Stripe-led group with Advent has reportedly dropped its plan to acquire PayPal, ending talks that could have become one of the largest leveraged buyouts (well over $50 billion). The bid, once floated around $53 billion when PayPal was valued lower, faced a higher price after PayPal’s stock surged following a quarterly beat. PayPal’s reorganization under new CEO Enrique Lores into three units and a rising stock price made a deal more challenging, though a future bid isn’t ruled out.

via Engadget|
#acquisition#business#fintech
EA Goes Private in $55B Buyout, Overhauls Leadership
business1 month ago

EA Goes Private in $55B Buyout, Overhauls Leadership

Electronic Arts completed a $55 billion leveraged buyout led by Saudi Arabia's Public Investment Fund, taking the company private at $210 per share and delisting from NASDAQ. CEO Andrew Wilson named Cam Weber as chief studios officer and David Tinson as COO (and presidents) as part of a leadership overhaul to drive growth and innovation, including AI initiatives.

via GamesIndustry.biz|
#business#electronic-arts#leadership-changes
business1 month ago

Saudi-led consortium buys EA for $55B, signaling a bold sports-gaming push

A Saudi-led consortium led by the Public Investment Fund, with Silver Lake and Affinity Partners (led by Jared Kushner), completes a $55 billion cash acquisition of Electronic Arts, delisting the stock from Nasdaq. The deal, one of the largest leveraged buyouts ever, funds roughly $20 billion of debt via JPMorgan, and analysts expect EA to focus on its strongest franchises to service the debt while navigating potential IP and workforce implications.

via cnbc.com|
#business#electronic-arts#gaming-industry
EA Goes Private in Record $55B Buyout
business1 month ago

EA Goes Private in Record $55B Buyout

Electronic Arts has completed a $55 billion leveraged buyout to become a private company, with Saudi Arabia’s Public Investment Fund owning roughly 93.4% and $20 billion of debt financing—the largest LBO on record. The deal is expected to push EA to rely more on bankable, big-franchise releases (Battlefield, EA Sports, The Sims) and less on smaller, experimental titles as it charts its next chapter.

via theverge.com|
#business#electronic-arts#leveraged-buyout
EA to go private in $55B leveraged buyout, ending 35-year public status
business1 month ago

EA to go private in $55B leveraged buyout, ending 35-year public status

Electronic Arts will complete a $55 billion deal to go private by Aug. 4, 2026, ending its 35-year run as a publicly traded company. The acquisition by Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners has cleared regulatory approvals and will keep EA's leadership in place with CEO Andrew Wilson in Redwood City, CA. The deal, the largest leveraged buyout on record, follows a turbulent period for EA that included layoffs and canceled projects, even as Battlefield 6 performed strongly and the company posted around $7.5 billion in revenue last year.

via Engadget|
#business#electronic-arts#gaming-industry
Paramount Hikes Bid in High-Stakes WBD-Netflix Battle
business6 months ago

Paramount Hikes Bid in High-Stakes WBD-Netflix Battle

Paramount has sweetened its offer to acquire Warner Bros. Discovery as negotiations with Netflix-backed WBD move under a tight seven-day window, with the exact increase over the previous $30-per-share bid not disclosed. Netflix retains the right to match any bid, and WBD has signaled Paramount might push above $31 a share in talks aimed at preventing a Netflix-led outcome. Financing guarantees are a concern in what would be the largest leveraged buyout in history. The discussions come ahead of a Warner shareholder meeting and a deadline through tonight, possibly extending to March 3; Paramount declined to comment, with an official statement expected before the market opens.

via Deadline|
#business#leveraged-buyout#merger
DocuSign's Stock Soars Amid Reports of Potential Sale
business2 years ago

DocuSign's Stock Soars Amid Reports of Potential Sale

DocuSign, the e-signature company that experienced significant growth during the pandemic, is reportedly considering a sale valued at over $11 billion. Private-equity firms and technology companies are among the potential suitors. DocuSign's stock surged over 11% following the news, but the company has struggled to maintain its earlier growth rates as offices resume in-person activity.

via MarketWatch|
#business#docusign#e-signature
Macy's Faces $5.8 Billion Buyout Bid Amidst Retail Struggles
business2 years ago

Macy's Faces $5.8 Billion Buyout Bid Amidst Retail Struggles

Macy's Inc. has received a $5.8 billion buyout bid from Arkhouse Management and Brigade Capital Management, highlighting the challenges faced by private equity in the retail sector. Many retailers that were taken private in recent years have seen their debt fall to distressed levels, with unsustainable leverage. While investors see Macy's real estate assets as attractive, the high-yield and leveraged loan markets remain cautious about retail leveraged buyouts. Macy's bonds rallied initially but later reversed some gains, indicating investor skepticism about the deal's completion. The retail sector has seen a boom in LBO debt issuance, but several companies, including Michael Cos., At Home Group Inc., and Staples Inc., now have triple-C ratings and trade below 80 cents on the dollar.

via Yahoo Finance|
#business#debt#leveraged-buyout
Billionaire newspaper mogul Sam Zell dies at 81.
obituary3 years ago

Billionaire newspaper mogul Sam Zell dies at 81.

Sam Zell, the real estate tycoon who acquired The Chicago Tribune, The Los Angeles Times, and other newspapers in a widely criticized leveraged buyout of the parent Tribune Company in 2007, died on Thursday at the age of 81. His venture into the publishing world proved to be a resounding failure, a five-year descent into a maelstrom of rancor, downsizing, management scandals, and bankruptcy.

via The New York Times|
#bankruptcy#leveraged-buyout#obituary