Video game maker Electronic Arts is set to be acquired in a $55 billion deal that would be the largest ever private equity buyout.
A coalition of investors that include Saudi Arabia's sovereign wealth fund, a firm managed by Jared Kushner and equity group Silver Lake Partners are planning to take the company private in a deal that will give EA's current shareholders $210 per share.
EA is known for developing and publishing video games including the "Madden NFL" and "Battlefield" franchises. It has been a public company for the last 36 years.
Saudi Arabia's Public Investment Fund already holds 9.9% of EA's shares. It also invests in Nintendo.
“The Saudi PIF has been a very active player in the video gaming market since 2022, taking minority stakes in most scaled public video gaming publ