$55 BILLION SAUDI BID FOR ELECTRONICS ARTS AND $1 BILLION TRUMP PLAZA PROJECT APPROVAL.

$55 BILLION SAUDI BID FOR ELECTRONICS ARTS AND $1 BILLION TRUMP PLAZA PROJECT APPROVAL.
Electronic Arts, the gaming giant behind titles like The Sims, Madden, FIFA and Bejeweled, has announced a $55 billion deal to go private. Among the buyers are Saudi Arabia and a firm run by Jared Kushner, Donald Trump’s son in law. Because EA is an American company, the deal requires U.S. government approval, placing the Trump administration in control of the outcome. At the very same time, Trump’s real estate empire secured a billion dollar approval for a new luxury complex in Jeddah, Saudi Arabia, called Trump Plaza. Critics warn this raises concerns about conflicts of interest and political influence over media and gaming companies that shape the culture of hundreds of millions worldwide. Observers also note that allies of Trump and his family have been expanding control into major media outlets such as Fox, Twitter, CBS, Paramount, the Washington Post, Facebook, and potentially CNN. Now Electronic Arts could be next, paired with a lucrative real estate project abroad. – Jonathan Henry Report

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