JPMorgan Chase & Co. is set to keep 40% of the fees tied to the $20 billion debt financing backing the take-private of Electronic Arts Inc., disappointing a large group of banks that were keen to get a bigger share of the deal.
At 40%, JPMorgan will hold onto about $200 million of the total fee pool, according to a person with knowledge of the matter, who asked not to be identified discussing private information. The bank initially agreed to solely underwrite the debt commitment for the $55 billion acquisition.