JPMorgan’s $20 Billion EA Financing to Be Split Among Banks

Around 15 banks are likely to join the underwriting group, some as early as next week. The consortium buying Electronic Arts Inc. is set to add more than a dozen banks to its underwriting group after JPMorgan Chase & Co. put up $20 billion of debt to bankroll the leveraged buyout. Most Read from Bloomberg The deal, orchestrated by the buyers of the video-game maker — private equity firm Silver Lake Management, Saudi Arabia’s Public Investment Fund and Affinity Partners — would shift some risk off of JPM ...