EAs 55bn sale to Saudi-led group closes -- 700 million in cuts on the horizon

Look Up Say More Versus Creator Hub Switch Off Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Trending Now Safety Net In My Bag VidCon with Mashable Back to School Furtastic All Series 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. Chance Townsend is the General Assignments Editor at Mashable, covering tech, video games, dating apps, digital culture, and whatever else comes his way. He has a Master's in Journalism from the University of North Texas and is a proud orange cat father. His writing has also appeared in PC Mag and . Electronic Arts has told debt investors it plans to cut $700 million in annual costs, including $170 million tied to organizational efficiencies, as the company completes its $55 billion sale to a Saudi-led group.