Electronic Arts, maker of video games like , and , is being acquired for $55 billion US, the biggest leveraged buyout attempt in history.
Under the terms of a deal announced on Monday, the private equity firm Silver Lake Partners, Saudi Arabia's sovereign wealth fund PIF and Affinity Partners will pay the company's stockholders $210 per share. Affinity Partners is a private equity firm run by President Donald Trump's son-in-law, Jared Kushner.
Electronic Arts (EA) would be taken private. The total value of the deal eclipses the $32 billion paid to take Texas utility TXU private in 2007.
If the transaction closes as anticipated, it will end EA's 36-year history as a publicly traded company that began with its shares ending its first day of trading at a split-adjusted 52 cents.
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