Saudi Arabia’s sovereign wealth fund, an investment company run by the son-in-law of the United States president, and a California-based private equity firm have bought gaming industry giant Electronic Arts (EA) in the largest leveraged buyout in history worth $55bn.

Public Investment Fund (PIF), the $1 trillion Saudi venture that is increasingly buying stakes in the global entertainment industry , formed a consortium with Jared Kushner’s Affinity Partners and technology and media-focused investment firm, Silver Lake.

They reached a deal to pay EA shareholders $210 per share in cash, a 25 percent premium over the stock price of the company before rumours of the deal circulated last week, and even a premium over the all-time high stock price of more than $179 in mid-August.

EA’s shares

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