Akamai beats quarterly estimates on cloud infrastructure demand
Akamai Technologies beat analysts' estimates for the second quarter on Thursday, supported by steady demand across its security and cloud infrastructure services portfolios, sending its shares up 10.5% in extended trading. The company recorded cloud infrastructure services revenue of $99 million, up 39% over the year earlier. Here are some details: • The cybersecurity and cloud computing company's customers include Adobe, eBay and Electronic Arts, as well as the U.S. defense and labor departments.
Yahoo28 days agoEA
Saudi fund leads buyout of video game giant EA
It’s perhaps the largest leveraged buyout in history.
Yahoo29 days agoEA
‘The Sims’ video game maker EA bought by Saudi-led group for $55 billion with Jared Kushner’s help
With the transaction finalized, EA stockholders will receive $210 in cash per share, and the company’s stock is no longer traded on the public market
Yahoo29 days agoEA
EA's $55bn sale to Saudi-led group closes — $700 million in cuts on the horizon
The deal, which includes Jared Kushner's Affinity Partners, takes EA private and loads the company with $18 billion in debt.
Yahoolast monthEA
Video game giant Electronic Arts closes $55 billion go-private sale of its business
Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm Silver Lake Partners and Affinity Partners, which is run by U.S. President Donald Trump’s son-in-law Jared Kushner. In a statement, CEO Andrew Wilson said EA and its new owners would “invest boldly, accelerate innovation, and build the next generation of games and experiences for the hundreds of millions of players and fans who inspire us every day.”
Yahoolast monthEA
Saudi Arabia's investment fund buys Electronic Arts in U.S. latest entertainment push
Electronic Arts, the gaming company known for franchises such as "The Sims" and "Battlefield," has been acquired by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners for $55 billion.
Yahoolast monthEA
Jared Kushner and The Saudis Just Bought Madden
The $55 billion leveraged buyout is the largest on record, and takes Electronic Arts private after 36 years
Yahoolast monthEA
Saudi-acquired EA is reportedly planning to make massive cuts after taking $18 billion of debt, and we all...
Layoff season isn't over.
Yahoolast monthEA