Electronic Arts (EA) is one of the world's largest gaming companies. It has agreed to be acquired for US$55 billion in the second largest buyout in the industry's history.
EA has long faced gamer backlash over microtransactions, loot boxes, and lack of innovation. Going private could allow the firm more creative freedom, but analysts warn that being $20 billion in debt could push EA to double down on live-service models.
Video game publisher Electronic Arts (EA), one of the biggest video game companies in the world behind games such as The Sims and Battlefield, has been sold to a consortium of buyers for US$55 billion (about A$83 billion). It is potentially the largest-ever buyout funded by private equity firms.
For years, tech-focused buyout group Silver Lake coveted video game developer Electronic Arts, the power behind the popular "Battlefield" and "Madden NFL" series.
Another big U.S. video game company is being bought out. That's led investors to the inevitable question: Who's next?
Electronic Arts' $55 billion sale is a boon for Wall Street's biggest banks. Investment bank hiring remains spotty and selective, however, with senior bankers benefiting most.
The videogame company is going private in a $55 billion deal, as it finally has a potential hit combat game on its hands.
Electronic Arts (EA) is to be taken private under a $55bn (£41bn) buyout - a record sum for such a deal.
Electronic Arts will go private in a $55 billion all cash buyout led by Saudy Arabia's Public Investment Fund, Silver Lake and Jared Kushner's Affinity Partners, the largest leveraged buyout on record and a high stakes wager that one of gaming's most iconic publishers can scale faster off Wall Street.
Video game giant Electronic Arts announced Monday it would be acquired by a consortium led by Saudi Arabia's Public Investment Fund for $55 billion, in what EA said would be the largest all-cash private equity buyout in history.
Electronic Arts is going private in a $55 billion leveraged buyout that marks the largest such deal in history and further consolidate the gaming industry.
Electronic Arts Inc (NASDAQ:EA, ETR:ERT) said Monday it has agreed to be acquired in a $55 billion all-cash transaction led by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners, marking what would be the largest leveraged buyout in Wall Street history. The takeover values EA at $210 per share.