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The private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share.
Electronic Arts is going private in a $55 billion leveraged buyout that marks the largest such deal in history and further consolidate the gaming industry.
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Jared Kushner’s firm and the Saudis are taking video game maker EA private in a massive deal
Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm.
Jared Kushner's Affinity Partners is also backing the transaction for the 'Battlefield' and 'Madden' game studio.
EA stock is surging on news that the video game company is set to be taken private in what will be the largest leveraged buyout ever.
Electronic Arts (EA), one of the biggest gaming companies in the world, has agreed a deal to sell the company for $55bn (£41bn). The consortium of buyers include Saudi Arabia's Public Investment Fund (PIF), Silver Lake and Jared Kushner's Affinity Partners.