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Electronic Arts going private major $55B buyout deal from investor group

On HALO

2 weeks ago

Video game maker Electronic Arts – known for The Sims, Madden NFL, Plants vs. Zombies and more – is going private in a deal valued at roughly $55 billion.Saudi Arabia's Public Investment Fund, private equity firm Silver Lake and Jared Kushner's Affinity Partners will acquire EA in the all-cash deal that marks the largest-ever leveraged buyout in history.EA shareholders will receive $210 per share in cash.The Wall Street Journal first reported that the company was nearing a deal on Friday.The deal to take EA private marks further consolidation within the industry, after titans such as Activisio...

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2 weeks ago
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