Electronic Arts sidesteps crisis with $55B agreement involving Saudi Arabia, Jared Kushner, and others
Electronic Arts to Go Private in New Deal Electronic Arts, the well-known video game developer, is making headlines as it moves to become a private entity. In a significant acquisition, private equity firms Silver Lake and Affinity Partners, along with the public investment funds from Saudi Arabia, will take over the company. Incidentally, Silver Lake […]
California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay
(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down. While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]