Comment on Electronic Arts to Cut 400 Jobs, Shut Down BioWare

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ampersandrew@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

The Saudis and Jared Kushner, but mostly the Saudis. It’s a private equity fund, and they used a leverage buyout for the sale, which means they basically took out a loan against the thing they’re buying in order to fund it. There’s a lot of debt to pay interest on, and cost cutting was inevitable.

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