The California-based Electronic Arts has been valued at $55 billion in the deal
Electronic Arts, one of the world’s biggest game makers, has agreed a deal to be bought by a Saudi-led consortium. According to the statement released by the corporation on Monday, the offer is valued at approximately $55 billion.
The consortium of buyers include Saudi Arabia’s Public Investment Fund (PIF), private equity firm Silver Lake and Affinity Partners, owned by Jared Kushner, the son-in-law of US President Donald Trump.
PIF will roll over its existing 9.9% stake in the game-making giant, and the deal will be financed by $36 billion in equity and $20…
Read the full article at RT.COM
