Video game maker Electronic Arts – known for The Sims, Madden NFL, Plants vs. Zombies and more – is going private in a deal valued at roughly $55 billion.

Saudi Arabia's Public Investment Fund, private equity firm Silver Lake and Jared Kushner's Affinity Partners will acquire EA in the all-cash deal that marks the largest-ever leveraged buyout in history.

EA shareholders will receive $210 per share in cash.

The Wall Street Journal first reported that the company was nearing a deal on Friday.

The deal to take EA private marks further consolidation within the industry, after titans such as Activision Blizzard and Zynga were swooped up by even larger firms, further reducing the number of publicly listed video game companies.

EA is headquartered in Redwood City, California. The company

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