EA strikes deal to go private
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Videogame giant Electronic Arts will be taken private in a record-breaking $55 billion leveraged buyout by a consortium consisting of private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners,
Video game publisher Electronic Arts (EA) said on Monday that it will go private in a historic $55B deal led by several private equity firms. Read for more.
Shares of Electronic Arts jumped 15% Friday after a report that the company is finalizing a deal to go private at a $50 billion valuation.
Electronic Arts will go private in a $55B leveraged buyout by Silver Lake, Saudi PIF, and Affinity Partners. EA shareholders to receive $210 per share