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Electronic Arts said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.

Shareholders of the company will receive $210 per share in cash.

EA stock climbed 5% Monday. Shares gained about 15% Friday, closing at $193.35, after the Wall Street Journal reported that the company was nearing a deal to go private.

PIF is rolling over its existing 9.9% stake in the company and will, by far, be the majority investor in the new structure, people close to the deal told CNBC's David Faber.

Affinity CEO Jared Kushner, who is President Donald Trump 's son-in-law, touted EA's "bold vision for the future" in a

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