Video game giant Electronic Arts, known for The Sims and FIFA games, announced Monday it would be acquired for $55 billion by a consortium led by Saudi Arabia’s Public Investment Fund.

The group includes US investment firms Silver Lake and Affinity Partners, the Miami-based firm founded by Jared Kushner, former White House advisor and son-in-law of President Donald Trump.

“This moment is a powerful recognition of their remarkable work,” EA Chairman and CEO Andrew Wilson said of the company’s employees in a statement, adding the deal would help “unlock new opportunities on a global stage.”

The deal would be the largest all-cash private equity buyout in history, the statement said.

EA, known for popular franchises including FIFA soccer games, Madden NFL, The Sims and Battlefield, reporte

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