Electronic Arts, the company behind FIFA, Madden, and The Sims, is close to being taken private in a deal worth up to $50 billion, according to The Wall Street Journal.
The buyout would involve Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s firm Affinity Partners. A deal could be announced as soon as next week. EA’s stock jumped 14% Friday following the report.
If finalized, it would mark the largest leveraged buyout ever, surpassing the $32 billion purchase of Texas utility TXU in 2007.
EA nears sale for $50 billion
EA has been a major force in gaming since the 1980s, with global hits like EA Sports FC, Madden NFL, and The Sims. Its sports franchises continue to drive sales, while fans are waiting for the release of Battlefield 6.
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