Electronic Arts, the maker of video games like “Madden NFL," “Battlefield,” and “The Sims,” is being acquired for $55 billion in what could become the largest private equity-funded buyout in history.
Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is run by President Donald Trump’s son-in-law, Jared Kushner.
The equity value of the deal is $55 billion, far exceeding the $32 billion price tag to take Texas utility TXU private in 2007, which had shattered records for leveraged buyouts.
PIF, which was currently the largest insider stakeholder in Electronic Arts, will be rolling over its existing 9.9% investment in the company.
The commitment to the massive deal is inline with recent activity