What happened

Electronic Arts, the video game giant behind “The Sims” and “Madden NFL,” announced Monday that it had agreed to be acquired by investors including Saudi Arabia’s sovereign wealth fund, Jared Kushner’s Affinity Partners and private equity firm Silver Lake. The $55 billion deal would be the largest buyout of a publicly traded company in history.

Who said what

EA is a “sports-gaming juggernaut,” The New York Times said, and the deal is the Saudi fund’s latest effort to “advance into gaming” and sports “as it looks to diversify its investments away from oil.” The buyout will be financed by a “staggering” $20 billion of debt, Bloomberg reporter Jason Schreier said on social media . The likely result will be “some *aggressive* cost cutting,” including “mass layoffs” and “mo

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