"A new report claims that Electronic Arts is close to finalizing a deal to go completely private via a $50 billion buyout being put together by a group of investors that includes multiple private-equity companies as well as Saudi Arabia's Public Investment Fund (PIF). The deal could be unveiled as soon as next week. On September 26, The Wall Street Journal reported that massive video game publisher EA, the company behind popular and lucrative annual sports games like Madden,"
"was currently negotiating a deal with various private equity companies, including Silver Lake, that could be worth nearly $50 billion, according to sources that spoke with the outlet. One of the groups involved in the deal includes the controversial Saudi Arabia Public Investment Fund, which has invested a lot of money in the video game industry over the last few years. Kotaku has contacted EA about the reported deal."
Electronic Arts is close to finalizing a nearly $50 billion buyout that would take the company completely private. A group of investors assembled for the transaction includes multiple private-equity firms, with Silver Lake among those named, and Saudi Arabia's Public Investment Fund (PIF). The PIF has made large investments across the video game industry in recent years and remains a controversial backer. The transaction could be announced as soon as next week. Electronic Arts publishes lucrative annual sports franchises such as Madden. EA has been contacted for comment. Negotiations involve valuation details and financing structures typical of major private-equity takeovers.
Read at Kotaku
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