Electronic Arts has confirmed it is being acquired by a group of private investors, including the sovereign wealth fund of Saudi Arabia.

After reports emerged over the weekend of a potential buyout of EA, the company has now confirmed it will be acquired by a ‘consortium’ of investors.

The video game publisher, known for titles like EA Sports FC and Battlefield, has entered an agreement to be acquired by PIF (Public Investment Fund), Silver Lake, and Affinity Partners, in a deal which values EA at approximately $55 billion (£40.9 billion).

These investors will acquire 100% of the company as part of the deal. The PIF, the sovereign wealth fund of Saudi Arabia, already had a 9.9% stake in the company, so this will be rolled over, while other current EA stockholders will receive $210 per s

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