Videogame maker Electronic Arts is nearing a deal to go private for as much as $50 billion, according to reports from the Wall Street Journal. Investors, including Saudi Arabia's Public Investment Fund (PIF) and Silver Lake, are reportedly eyeing the deal, which could be announced as soon as next week.
This potential transaction would be the largest leveraged buyout in Wall Street history, surpassing the approximately $45 billion agreement to take TXU Energy private in 2007. Jared Kushner's Affinity Partners is also a participating investor, according to a source familiar with the matter.
EA makes popular video games including The Sims, Madden NFL, and EA SPORTS FC. The news caused EA shares to close up 15% on Friday, reflecting the significant premium and transformative nature of such a deal for shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.