Saudi Arabia strikes $55 billion EA Sports deal
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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.
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Video gamer Electronic Arts to be bought in largest-ever private equity buyout valued at $55 billion
The video game maker is being acquired by an investor group that includes a Saudi fund and a firm managed by Jared Kushner.
Video game giant Electronic Arts, known for The Sims and FIFA games, announced Monday it would be acquired for $55 billion by a consortium led by Saudi Arabia's Public Investment Fund.