Gaming giant Electronic Arts acquired for $55bn

Electronic Arts has accepted a $55 billion acquisition offer, marking it one of the largest take-private deals ever reported. The consortium behind the purchase of one of the world’s best known gaming companies includes Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Jared Kushner’s Affinity Partners. SEE ALSO: Best Mobile Games to Download Right Now (2025 Edition) The acquisition deepens Saudi Arabia’s involvement in the gaming sector. In March its Public Investment Fund paid $3.5 billion for Niantic’s games division, which gave it control of Pokémon Go. Under the agreement, EA’s public shares will be acquired, meaning it will… [Continue Reading]