NEW YORK: Bank of America Corp, Citigroup Inc and Morgan Stanley are among about 20 banks that have joined a US$20bil debt financing backing the buyout of Electronic Arts Inc (EA), giving them a slice of the massive fees tied to the biggest leveraged buyout ever.
The group, which is expected to also include Barclays Plc, was allocated between 1% to 5% of the financing, less than the 10% that some had initially hoped for, according to people with knowledge of the matter, who asked not to be identified because the discussions are private.
