Electronic Arts (EA), the renowned video game developer behind franchises like Madden NFL, Battlefield, and The Sims, is set to be acquired for $52.5 billion in what would become the largest-ever private equity buyout.
The acquisition consortium includes private equity giant Silver Lake Partners, Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF), and Affinity Partners, a private equity firm managed by Jared Kushner, President Donald Trump’s son-in-law.
The big picture: EA shareholders will be paid $210 per share as part of the deal. • Saudi Arabia’s PIF, which already owns a 9.9% stake in EA, will roll over its existing investment into the new private structure, underscoring its belief in the company’s long-term prospects. • Despite going private, EA’s headquarters wi