Video game maker Electronic Arts, known for popular titles like The Sims and Madden NFL, is going private in a $55 billion deal. The deal involves Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners acquiring EA for $210 per share in cash. The largest-ever leveraged buyout in history was approved by EA’s board and is set to close in the first quarter of fiscal year 2027. Once closed, EA will no longer be listed on any public market, marking further consolidation in the gaming industry. EA’s most recent earnings report showed a strong start to fiscal year 2026, with net revenue for the first quarter reaching $1.671 billion. EA’s CEO, Andrew Wilson, expressed excitement for upcoming game launches and emphasized the company’s commitment to shaping the future of interactive entertainment.

Read more at Yahoo Finance: Electronic Arts going private major $55B buyout deal from investor group