Electronic Arts, the video game maker, is being acquired and taken private for about $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.
Entertainment in general is rarely profitable. Usually you have to look into the mobile casual games, gambling, and other low cost development games to make reasonable profit.
Movies are the same, without government subsidies and tax cuts, things are not profitable to people who got used to high profit margin.
This purchase most likely tied to Saudi hosting world Cup in a few years along with how FIFA has been very popular in the region.
The interesting part is why Kushner is involved, it could be as basic as to ensure the purchase goes through or as corrupt as Trump was going to stop it if he didn’t get a back deal.
Entertainment in general is rarely profitable. Usually you have to look into the mobile casual games, gambling, and other low cost development games to make reasonable profit.
Movies are the same, without government subsidies and tax cuts, things are not profitable to people who got used to high profit margin.
This purchase most likely tied to Saudi hosting world Cup in a few years along with how FIFA has been very popular in the region.
The interesting part is why Kushner is involved, it could be as basic as to ensure the purchase goes through or as corrupt as Trump was going to stop it if he didn’t get a back deal.