All articles tagged with #private company
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.
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.
Berkshire Hathaway will acquire Taylor Morrison Home Corporation in an all-cash deal at $72.50 per share, valuing equity at about $6.8 billion and enterprise value at about $8.5 billion—a 24% premium to Taylor Morrison’s May 29, 2026 close. The transaction, expected to close in the second half of 2026, will take Taylor Morrison private and keep its management in place, with Berkshire aiming to eventually unify its site-built homebuilding operations under one platform.
Elon Musk's SpaceX is acquiring his AI startup xAI in a deal valued at about $125 billion for xAI and $1 trillion for SpaceX, creating what could be the world's most valuable private company and an 'innovation engine' that unites AI, rockets, space-based internet, and media, with potential IPO plans on the horizon.
Walgreens Boots Alliance has completed its transition to a private company following a merger or acquisition, marking a significant change in its corporate structure.
Couchbase is set to be acquired by Haveli Investments in a $1.5 billion all-cash deal, which will take the company private. The deal offers a 67% premium over the last trading day's price before the announcement and is expected to close in the second half of 2025, pending approvals. This move signifies a strategic shift for Couchbase, emphasizing its role in AI-driven data solutions and enterprise applications.
Toyota Industries is expected to accept a $42 billion takeover bid from Toyota Motor and other group companies, which will take the company private, following pressure from activist investors.
Stripe, a fintech company, is not in a rush to go public as it has achieved positive cash flow. The company's co-founder and president, John Collison, stated that they are focused on growing the business and are not feeling pressure to pursue an IPO. Stripe's valuation has soared to $95 billion in the private market, making it one of the most valuable venture-backed companies globally.
Founders of Astra Space, Chris Kemp and Adam London, have offered to take the launch vehicle and spacecraft propulsion company private for nearly $30 million. The offer, at $1.50 per share, values the company at double its current share price. Kemp and London, who hold 66% of the voting power, believe that taking the company private will serve its strategic objectives and business prospects best. They anticipate raising $60-65 million of capital to cover the outstanding shares, transaction expenses, and bridge financing. Astra's cash reserves have dropped, causing the company to default on a loan, and it recently raised $13.4 million in interim financing. The proposal is under review by a special committee.
Arconic Corporation, formerly known as Alcoa, has been sold to funds managed by affiliates of Apollo Global Management, Inc. in an all-cash transaction that values the company at approximately $5.2 billion. The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management. Arconic shareholders will receive $30.00 per share in cash, which represents a premium of approximately 36% to the company’s undistributed closing stock price on Feb. 27. Upon completion of the transaction, Arconic will become a private company.
Elon Musk has launched a new artificial intelligence company called X.AI, according to a filing in Nevada. The company is privately held and authorized the sale of 100 million shares. Musk is listed as the sole director, with Jared Birchall being secretary. Musk has also signed a letter calling for a minimum six-month pause on training powerful AI systems, stating that AI has the potential to be incredibly destructive and could lead to civilization destruction.