The rumours have been swirling for a while, before today brought a major industry announcement: EA has struck a $55 billion deal to go private in a Saudi-backed buyout. It's the biggest leveraged buyout in history, meaning that the new EA is instantly saddled with $20 billion of debt, and will face intense pressure to crank those profits. And it's also the latest step in the Saudi Arabian Investment Fund's mission to "sportswash" the brutal regime, by using its influence and ubiquity across entertainment industries to distract from some of the world's most appalling human rights abuses.
As the crack team at PCG towers discussed the deal, one line stuck with me: "I wouldn't want to be sitting in a BioWare chair right now." The vibes around one of the all-time great RPG studios have not been good in recent years, and the fairly decent Dragon Age: The Veilguard didn't persuade anyone that the studio is capable of surpassing contemporary greats like Baldur's Gate 3 or Disco Elysium. Early this year, the studio was apparently cut to the bone in a round of layoffs, though a new Mass Effect game remains in development. For now.
