Electronic Arts (EA), the video game giant behind franchises like Madden and FIFA , is approaching a deal to go private, The Wall Street Journal reported Friday .
The deal, valued at around $50 billion, would be the largest leveraged buyout in history.
According to the Wall Street Journal , the investors involved in the buyout include the private equity firm Silver Lake, Saudi Arabia's Public Investment Fund (PIF), and Affinity Partners, an investment firm formed by President Trump's son-in-law, Jared Kushner. Saudi Arabia's PIF currently provides Affinity Partners with most of its funds. As of 2023 , Saudi Arabia's PIF also owns nearly 10 percent of EA.
The EA buyout would be the latest in a series of gaming investments by Saudi Arabia, part of the country's tactics to less