Electronic Arts (EA) is projecting nearly $700 million in annual savings as the video game developer pitches a $15 billion debt package to fund its acquisition by a group of investment firms, Bloomberg said Monday, citing people familiar with the matter.

The company has told investors that certain one-time costs can be added back to earnings, for example the $263 million it spent on research and development on games like Battlefield 6 and Skate, the report said.

Electronic Arts' new owners, that include Saudi Arabia's Public Investment Fund, Silver Lake Management and Jared Kushner's Affinity Partners, see another $400 million in that can be added back to the company's earnings before interest, taxes, depreciation and amortization over the next two year to three years, the report said.

Electronic Arts did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)