EA games sold for 55 billion dollars

Electronic Arts (EA), one of the world’s largest gaming industry companies, has reached an agreement to be sold for $55 billion.

The deal was signed by the Public Investment Fund (PIF) of Saudi Arabia, Silver Lake, and Affinity Partners, the latter managed by Jared Kushner, son-in-law of former US President Donald Trump.

EA is a company that produces the world’s most popular games, among them bestsellers like EA FC (formerly FIFA), The Sims, and Mass Effect.

If the deal is completed as signed, this will be the largest leveraged buyout of a gaming company in history.

Also, all public shares related to this will be purchased, making EA a private company and withdrawing it from shareholders and stock trading for the time being.