Video game maker Electronic Arts is being acquired for $55 billion by a private equity firm in the largest leveraged buyout attempt in history, according to the Associated Press.
Under the terms of the deal announced Monday, Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF and Affinity Partners — a private equity firm run by President Donald Trump’s son-in-law, Jared Kushner — will pay EA’s stockholders $210 per share.
The maker of video games like “Madden NFL,” “Battlefield” and “The Sims” would be taken private. If the transaction closes as anticipated, it will end EA’s 36-year history as a publicly traded company.
The deal’s total value would beat the $32 billion deal in 2007 that took Texas utility TXU private.
