By Jared Kushner

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Jared Kushner, senior advisor to Donald Trump during his first administration, founded the investment firm Affinity Partners in 2021

Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm. Donald Trump’s son-in-law is poised to lead a $55 billion deal backed by Saudi Arabia to buy Electronic Arts, reports CNN.The deal, led by Ivanka Trump’s husband, Jared Kushner, is set to pay shareholders $210 per individual share, marking the largest leveraged buyout on record. The massive sale will involve Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake.Electronic Arts has created some of the most famous video games in the world, including The Sims, Plants vs Zombies and Titanfall. It is also the owner of EA Sports, producing some of the gaming industry’s biggest sports franchises, including, until recently, the FIFA series.ALSO READ: D4vd Tesla scandal sees new twist: Celeste Rivas was dead ‘for weeks’ before being found in singer’s car? Check detailsWho is Jared Kushner?Jared Kushner, senior advisor to Donald Trump during his first administration, founded the investment firm Affinity Partners in 2021. The company frequently invests in American and Israeli companies and it receives a significant portion of its funding from the Saudi government.Live EventsJared Kushner is Donald Trump’s son-in-law and the founder of Miami-based private equity firm Affinity Partners. Affinity has raised $4.6 billion from high-profile Middle Eastern backers like the Saudi and Qatari sovereign wealth funds as well as Foxconn founder Terry Gou, as per Forbes.From 2008 to 2017, he served as CEO of Kushner Companies, the real estate firm co-founded by his father and grandfather. He later acted as a senior advisor to President Donald Trump throughout his first term, from 2017 to 2021. In November 2021, Forbes reported that launching Affinity Partners had boosted “Kushner’s net worth to at least $900 million.”ALSO READ: Michigan Church shooting: Suspect Thomas Jacob Stanford’s emotional Facebook post on his child’s illness surfaces The publication claimed that his net worth had increased by 180 percent since becoming senior advisor to Trump in 2024. Affinity has helped boost Kushner’s net worth to at least $900 million, up 180% from early 2017, when he became senior advisor to Trump.Jared Kushner says that he is “excited” about the sale of Electronic Arts. “Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future. “I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games – and now enjoys them with his kids – I couldn’t be more excited about what’s ahead,” he said.ALSO READ: Eric Adams drops out of New York City mayor race. Is Zohran Mamdani the next big contender?Why there is concern over dealHowever, some gamers have voiced concerns about the future of their favorite franchises in light of Saudi Arabia’s stance on minority rights. In the kingdom, same-sex relationships are illegal and cannot be depicted on television, in films, or in video games.One frustrated gamer quipped, “The Sims 4, but you get banned if you make a gay Sim,” reflecting fears about the franchise’s direction. International human rights organizations have previously criticized the Saudi Public Investment Fund (PIF), alleging it has profited from “rights abuses.”ALSO READ: Michigan Church shooter Thomas Jacob Sanford, a decorated US marine, had a turbulent personal life? Check details“Crown Prince Mohammed bin Salman has consolidated political and economic power, including as chairman of Saudi Arabia’s Public Investment Fund (PIF), a sovereign wealth fund that has facilitated and benefited from rights abuses,” wrote Human Rights Watch.Add as a Reliable and Trusted News Source Add Now!
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