As of Aug. 4, Electronic Arts has gone private. The venerable American game developer was purchased by a group of buyers that includes the Saudi Arabian government’s Public Investment Fund (PIF) and two investment firms: Affinity Partners and Silver Lake. The all-cash transaction is valued at $55 billion and is thought to be the largest leveraged buyout in history, meaning that the deal is funded with roughly $20 billion in borrowed money. So what does this mean for the company? Will games be censored? Will studios be closed? In an October 2025 memo to employees made public via the Securities...