EA Reportedly Going Private In Massive Deal Involving Saudi-Arabian Investment
As the Wall Street Journal reports, EA is set to go private in one of the biggest buyouts in history, rated at 50 billion dollars. Investors include Silver Lake, Trump family led Affinity Partners and Saudi state fund PIF. The deal could be officially announced as early as tomorrow.
As has first been reported by Wall Street Journal (WSJ), Electronic Arts is apparently aiming to go private by buying back its shares in a leverage buyout in a 50 billion dollar deal, fueled by money from Silver Lake, Donald Trump’s son-in-law Jared Kushner’s Affinity Partners and the Saudi-Arabian state fund PIF, which is already a big shareholder of EA. The video game publisher had been valued at about 43 billion dollars before the report and has now risen to 48 billion dollars after the announcement. Sources familiar to the WSJ say the deal could be announced as early as tomorrow. It would be one of the biggest take-private transactions in history.