Video game powerhouse Electronic Arts has struck a major deal to go private in a $55 billion acquisition backed by Saudi Arabia’s Public Investment Fund, private equity firm Silver Lake, and Jared Kushner’s Affinity Partners.

Under the agreement, Electronic Arts shareholders will receive $210 per share in cash, while the Saudi Public Investment Fund will maintain its existing stake of nearly 10 percent in the company. The transaction is expected to close during Electronic Arts’s fiscal first quarter of 2027, the Hollywood Reporter noted.

Electronic Arts, known for popular franchises like Battlefield, The Sims and Madden NFL, has transformed its business model over the past decade under CEO Andrew Wilson to focus more heavily on recurring revenue streams such as subscriptions, The Holly

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