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Electronic Arts to Go Private in Record $55B Buyout

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EA is to go private in a record $55 billion buyout!

Electronic Arts (EA) is to be taken private under a $55bn (£41bn) buyout - a record sum for such a deal.

Under the terms, private equity firm Silver Lake Partners, Saudi Arabia's Public Investment Fund (PIF) and Affinity Partners will pay the video game maker's shareholders $210 per share.

The sum represents a premium of 25% on EA's closing share price last Thursday, before the Wall Street Journal first reported that an announcement was close.
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Source: Sky News
 
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