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EA Sports sold to investors including Saudi Arabia and Jared Kushner’s firm in $55 billion deal
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Awful Announcing
Credit: Kirby Lee-USA TODAY SportsThe preeminent manufacturer of sports video games has been sold.
On Monday, Electronic Arts — the parent company of EA Sports — announced that it has been sold to a group of investors, including Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake for $55 billion.
Having been a publicly traded company since 1990, EA’s new ownership will take the company private.
Originally founded in 1982, EA has developed and published some of the industry’s most popular video game titles, including Battlefield, The Sims and Medal of Honor.
It is perhaps best known, however, for its collection of sports games under the EA Sports label, including the Madden, College Football and FIFA franchises.