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Video gamer Electronic Arts to be acquired for $52.5 billion in largest-ever private equity buyout
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Electronic Arts, the maker of video games like “Madden NFL," “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest buyout ever funded by private equity firms.
Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share.
PIF, which was currently the largest insider stakeholder in Electronic Arts, will be rolling over its existing 9.9% investment in the company.
Electronic Arts would be taken private and its headquarters would remain in Redwood City, California.
“Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future," said Kushner, CEO of Affinity Partners.