Tech
EA agrees to $55 billion sale in largest leveraged buyout on record
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Electronic Arts agreed to sell to a group of private investors in a deal that values the company at $55 billion, the largest leveraged buyout on record.
The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, agreed to pay $210 per share in cash for the Redwood, California-based company, according to a statement Monday. That represents a 25% premium to where its shares traded before the talks leaked on Friday.
Electronic Arts, the maker of EA Sports FC and The Sims, is…
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