EA strikes deal to go private
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Video gaming giant Electronic Arts has been bought out in a massive £40bn deal, spearheaded by Saudia Arabia's sovereign wealth fund and Jared Kushner's private equity firm
Shares of Electronic Arts jumped in morning trading after the video game maker agreed to be purchased by a consortium for $55 billion in cash.
Electronic Arts confirmed Monday that the company was being acquired by private investors, including Saudi Arabia's Public Investment Fund, private equity fund Silver Lake, and Affinity Partners, the investment firm founded by Jared Kushner,
Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, agree to pay $210 per share in cash for EA Games.| Business News