Electronic Arts, video game company behind "The Sims" and "Madden NFL," to be acquired in $55 billion deal

Video game company Electronic Arts (EA), known as the maker of the "The Sims" and "Madden NFL," is being acquired in a $55 billion deal.

The California-based company said Monday it had entered into a definitive agreement to be acquired by a consortium of companies that includes Saudi Arabia's sovereign wealth fund PIF; private equity firm Silver Lake, and Miami-based investment firm Affinity Partners, which is led by President Trump's son-in-law Jared Kushner.

If finalized, the deal would be the most expensive acquisition of a public company to be taken private in history — surpassing $32 billion paid to Texas utility TXU in 2007 to go private.

"The transaction positions EA to accelerate innovation and growth to build the future of entertainment," the company said in a statement.

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