"Redwood City-based Electronic Arts reportedly is in talks to go private in a whopping $50 billion deal. The Wall Street Journal reports the video game maker is meeting with a number of investors and an announcement could come next week. If it goes through, it would be the largest leveraged buyout of all time."
"EA produces a number of widely popular titles, including the "Madden NFL" franchise, "The Sims" and "Star Wars" games, just to name a few."
Electronic Arts is based in Redwood City and is in talks to go private in a $50 billion transaction. The company is meeting with multiple investors and an announcement could come next week. If completed, the transaction would be the largest leveraged buyout of all time. Electronic Arts produces widely popular game franchises, including the Madden NFL series, The Sims, and Star Wars titles. The potential deal would shift the public video game maker into private ownership and represent a landmark financial transaction in the gaming industry. The scale of the proposed deal underscores the high market value and profitability of major game franchises.
Read at ABC7 San Francisco
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