Inside ‘Project Eagle,’ JPMorgan’s high-wire act to fund EA deal

What: JPMorgan is reportedly working on 'Project Eagle' to fund Electronic Arts' acquisition of Codemasters.
Why: The deal is valued at around $1.2 billion, with JPMorgan taking on significant risk to facilitate the transaction.
Signal: JPMorgan's involvement in the deal may signal a growing trend of investment banks taking on more risk to support large M&A transactions.
Target: The deal is expected to close in the second quarter of 2026, with Electronic Arts aiming to expand its gaming portfolio.
Risk: JPMorgan's exposure to the deal could be around $**600 million**, highlighting the significant risk the bank is taking on to facilitate the transaction.