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WSJ Minute Briefing

Electronic Arts Goes Private in Largest LBO Ever

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 29 September 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Trump imposes a 100% tariff on movies made outside of the U.S. And the Trump administration expands the trade blacklist, targeting China’s tech sector. Zoe Kuhlkin hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Viking, committed to exploring the world in comfort.

0:03.6

Journey through the heart of Europe on an elegant Viking longship with thoughtful service,

0:08.1

cultural enrichment, and all-inclusive fares.

0:11.3

Discover more at Viking.com.

0:18.3

Here's your midday brief for Monday, September 29th.

0:22.3

I'm Zoe Colkin for the Wall Street Journal.

0:25.5

Electronic Arts is going private in a $55 billion deal,

0:29.6

marking the largest leverage buyout in financial history.

0:33.4

Saudi Arabia's public investment fund is expected to contribute the majority of the $36 billion equity investment, people familiar with the matter said, marking a continuation of its push into the video game industry.

0:45.6

Other investors include private equity firm Silver Lake and Jared Kushner's investment firm Affidney Partners.

0:51.6

EA stockholders will receive $210 a share in cash, a 25% premium to the company's

0:57.5

closing share price on Thursday, a day before the journal broke the news, the deal was in the works.

1:03.7

President Trump has announced he is imposing a 100% tariff on all films made outside of the U.S.,

1:09.3

following through on a threat he made earlier this

1:11.5

year against the movie industry. It's unclear exactly how these tariffs would work, given movies

1:16.7

aren't physical goods that travel through ports, like most other items subjected to tariffs.

1:22.1

Hollywood executives has said the plan could hurt the U.S. film industry if other countries

1:26.4

retaliate with their own tariffs, especially since production companies often film overseas for foreign tax incentives

1:32.5

and lower personnel costs. And the Trump administration is cracking down on companies that

1:37.9

pose national security risks by adding them to a trade blacklist, a move that threatens

1:42.9

hundreds of Chinese companies and marks

1:44.8

the latest salvo in the U.S.-China tech race.

...

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