Business
EA Stocks: EA to go private in $55 billion buyout: Silver Lake, PIF, and Affinity Partners lead historic deal; ends 36-year public listing | Business – The Times of India

Electronic Arts (EA), the creator of globally popular video games including “Madden NFL,” “Battlefield,” and “The Sims,” is poised to exit public markets after agreeing to a $55 billion acquisition. The deal, one of the largest leveraged buyouts ever, will transfer EA into private ownership, giving the company room to restructure without the scrutiny of public investors.The transaction will see private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners — led by Jared Kushner, President Donald Trump’s son-in-law — pay $210 per share to EA stockholders. This surpasses the $32 billion privatization of Texas utility TXU in 2007, AP reported.EA has been publicly traded for 36 years. Founded by former Apple employee William “Trip” Hawkins, the company went public seven years after its inception, closing its first trading day at a split-adjusted 52 cents per share. CEO Andrew Wilson has led the company since 2013.The buyout is part of a recent flurry of high-profile technology deals involving Silver Lake. The firm is also involved in a joint venture with Oracle to manage US operations of TikTok, though full details of that transaction remain undisclosed. Silver Lake has a history of taking major tech companies private, including Skype in 2009 for $1.9 billion and Dell in 2013 for $24.9 billion, which later returned to public markets in 2018.By going private, EA can reorient its operations without the pressure of meeting quarterly targets. The company’s revenues have remained steady over the past three fiscal years, fluctuating between $7.4 billion and $7.6 billion, even as its games maintain a loyal fan base.Competition in the gaming sector has intensified in recent years. Microsoft acquired rival Activision Blizzard for nearly $69 billion in 2023, and mobile gaming companies like Epic Games have expanded rapidly. Analysts suggest that privatization could allow EA to invest in innovation, streamline operations, and strengthen its market position.While privatizations often lead to layoffs, EA has not indicated any immediate workforce reductions. After trimming 5% of its staff in 2024, the company had 14,500 employees as of March 2025 and carried out further, limited layoffs in May.The acquisition is expected to provide EA the flexibility to restructure, enhance efficiency, and pursue long-term growth strategies without the constraints of public market expectations, potentially reshaping the competitive landscape of the global gaming industry.
Business
Akasa Air Boosts Pets On Akasa Service With New Perks For Travellers
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New Delhi: Akasa Air has announced key enhancements to its popular pet travel service, ‘Pets on Akasa’, and now passengers can travel with two pets in the cabin, up from the previous limit of one, a release said. This upgraded service aims to offer more convenience and flexibility for pet owners, a release said. Since its launch in November 2022, Pets on Akasa has successfully transported over 8,500 pets nationwide.
The airline continues to act on customer feedback, as demonstrated by key policy enhancements introduced in May 2024. These include increasing the permissible weight for pets in the cabin to 10 kg and extending the validity of pet travel certificates to 15 days, further streamlining the travel experience for pet parents, it said. Pets on Akasa currently operates across 24 domestic cities, including Mumbai, Delhi, Bengaluru, Chennai, Kolkata, Hyderabad, and Lucknow.
This move stems from the airline’s customer-focused approach and adaptability to evolving passenger needs, the release said. Passengers flying with their pets on Akasa Air enjoy a range of complimentary value-added services, including a pre-booked window seat, priority check-in and baggage delivery, and Board First, ensuring an elevated flying experience. The airline has undertaken extensive research and provided specialised training for its customer care centre, airport staff, and in-flight teams, highlighting its commitment to delivering the highest standards of care, safety, and comfort throughout the journey.
Akasa Air has also partnered with Umeed for Animals Foundation, which is a Gurgaon-based non-profit animal rehabilitation organisation dedicated to rescuing and rehabilitating animals. The airline collaborates with the NGO to implement best practices across various processes and policies, continually enhancing pet comfort and safety.
The airline also provides additional perks to passengers and stated in the release that the booking window has been reduced to 24 hours before departure, down from 48 hours, allowing last-minute travellers to make arrangements more easily.
Akasa Air, serving over 21 million passengers, operates a modern fleet of 30 Boeing 737 MAX aircraft, with a total of 226 planes on order. The fleet is designed to reduce fuel consumption, cut carbon emissions, and provide a quieter, more comfortable cabin environment, the release added.
Business
Jaguar Land Rover to resume some manufacturing after cyber-attack

Theo Leggettbusiness correspondent and
Rachel Clunbusiness reporter

Jaguar Land Rover has said it will resume some production in the “coming days” after a cyber-attack forced the carmaker to suspend operations.
Work at its three UK facilities in the West Midlands and Merseyside were halted on 1 September after a cyber-attack the night before.
The BBC understands manufacturing will resume first at the engine facility in Wolverhampton on 6 October, and production at other plants will have a phased return.
A JLR spokesperson said: “Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days.”
Industry sources said they expect it to still be several weeks before the production lines are running at full capacity.
In a note to JLR staff on Monday, the company said the “foundational work of our recovery programme is firmly underway”, and the phased restart was to ensure IT systems were brought back in a “safe and secure manner”.
Previously, the company had said it did not expect production to resume at its facilities until 1 October at the earliest.
The spokesperson said JLR was continuing work on its recovery following the shutdown.
“We continue to work around the clock alongside cybersecurity specialists, the UK government’s National Cyber Security Centre and law enforcement to ensure our restart is done in a safe and secure manner,” they said.
Phased restart
Companies in JLR’s supply chain, which has been under huge financial pressure as a result of the stoppage, have welcomed the news.
Many smaller companies in particular were thought to be at risk of bankruptcy.
About 30,000 people are directly employed at the company’s UK plants in Solihull, Wolverhampton and Halewood, and about 100,000 work for firms in the supply chain.
Some of these firms supply parts exclusively to JLR, while others sell components to other carmakers as well.
One supplier told the BBC the news that the restart was welcome and would provide some relief for businesses that rely on orders from JLR, but insisted that the losses already caused meant that financial assistance was still badly needed.
The supplier warned that vulnerable firms could not afford to take on more debt.
Over the weekend the government announced it would provide loan guarantees worth £1.5bn for JLR, with the stipulation that the supply chain would be supported.
Speaking at the Labour Party conference in Liverpool, Chancellor Rachel Reeves said the loan would “provide certainty” and “support for the jobs in its business and its supply chain”.
Sources within JLR itself have pointed out that the funding will be used to support suppliers with which it has a direct relationship, to ease cashflow and help pay for parts orders. It will be up to those businesses to pay their own suppliers.
The JLR spokesperson said the company thanked everyone connected to the manufacturer “for their continued patience, understanding and support.”
The spokesperson continued: “We know there is much more to do but the foundational work of our recovery is firmly underway, and we will continue to provide updates as we progress.”
JLR is one of several UK companies that have been hit in a spate of cyber-attacks this year.
Luxury department store Harrods was contacted by hackers this week after data related to 430,000 customer records was stolen in an IT breach.
That breach was separate to attempts to hack into separate Harrods systems earlier this year.
The group of Hackers that claimed responsibility for that attempt has also claimed responsibility for hacks on retailers M&S and Co-op, which have cost the companies hundreds of millions of pounds in lost sales.
Business
This Mutual Fund Turned Rs 1 Lakh Into Rs 11.48 Lakh In 12 Years | Details Inside

Last Updated:
The fund invests roughly 69% in mid-cap stocks, with the rest in small-cap, large-cap, and debt, focusing on IT, consumer durables, finance, retail, and healthcare

The fund requires a minimum investment of just Rs 100. (Representative/Shutterstock)
Investing in mutual funds has emerged as one of the most popular methods for stock market investments, offering substantial long-term wealth accumulation through the compounding effect. This effect, famously endorsed by renowned investor Warren Buffett, involves reinvesting initial returns to generate even higher returns over time.
Among the various mutual funds available, the Kotak Mid Cap Fund (Direct) stands out for its impressive performance since its launch on January 1, 2013.
Had an investor placed Rs 1 lakh in the Kotak Mid Cap Fund on its inception date, the investment would have grown to approximately Rs 11.48 lakh today, reflecting an annual return of around 21.13%.
Historical Returns Of This Fund
The fund’s historical returns over different periods further illustrate its robust performance: Rs 1 lakh increased to Rs 1.01 lakh in 1 year (1.84%), Rs 1 lakh increased to Rs 1.86 lakh in three years (23.16%), Rs 1 lakh increased to Rs 3.72 lakh in 5 years (30.06%), and Rs 1 lakh increased to Rs 6.04 lakh in 10 years (19.72%).
Fund Overview
Kotak Mid Cap Fund boasts assets under management (AUM) totalling approximately Rs 56,988 crore, with a minimal expense ratio of 0.37%. Its benchmark index is the Nifty Midcap 150 TRI. The fund requires a minimum investment of just Rs 100, making it accessible to a wide range of investors.
The fund allocates about 69% of its corpus to mid-cap stocks, with the remainder invested in small-cap, large-cap, and debt instruments. Significant sector allocations include IT, consumer durables, finance, retail, and healthcare.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
September 29, 2025, 16:56 IST
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