
Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm https://cnn.it/4nrinwb
The buyout was led by a consortium including private equity firm Silver Lake Partners, Saudi Arabia’s Public Investment Fund (PIF), and Affinity Partners, the investment company founded by Jared Kushner, the husband of Ivanka Trump.

«By taking EA private, we’ll have greater freedom to invest, innovate, and deliver the kind of groundbreaking experiences players expect from us.»
More than 30 years

EA’s leadership team, including CEO Andrew Wilson, will remain in place to steer the company through the transition. In a statement, Wilson said: «By taking EA private, we’ll have greater freedom to invest, innovate, and deliver the kind of groundbreaking experiences players expect from us.»

A pioneer in the video game industry

Over four decades, EA has grown into one of the world’s largest publishers, shaping modern gaming culture worldwide.
Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.