Electronic Arts stock jumps report it's nearing $50B take private deal

In this article

EA

Follow your favorite stocks CREATE FREE ACCOUNT

Shares of Electronic Arts closed up 15% on Friday following a report in the Wall Street Journal that the video game company is nearing a roughly $50 billion deal to go private.

Investors including Saudi Arabia's Public Investment Fund (PIF) and Silver Lake could announce the deal as soon as next week, the report said. PIF has been pouring billions of dollars into gaming, purchasing the makers of Pokemon Go and the parent company behind Monopoly Go, for example.

Jared Kushner's Affinity Partners is another participating investor, according to a source familiar with the matter, who asked not to be named because the discussions are private.

The deal would be the largest leveraged buyout in Wall Street his