Video game publisher Electronic Arts announced Monday that it agreed to be taken private in a deal valued at roughly $55 billion by a group of investors that includes a firm managed by President Donald Trump’s son-in-law Jared Kushner and Saudi Arabia’s sovereign wealth fund.
The deal would pay stockholders $210 per share in cash, a 25% premium to the company’s share price before news of the deal leaked.
If completed, it would be the largest buyout of a publicly traded company to date, not adjusting for inflation. The investors would partly finance the deal with a $20 billion loan from JPMorgan Chase.
The deal is led by Saudi Arabia’s Public Investment Fund, which already owns about 10% of Electronic Arts, as well as private equity firm Silver Lake and Kushner’s Affinity Partners.
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