The video game company Electronic Arts is nearing a sale for fifty billion dollars to a group of investors. This group includes the investment firm Silver Lake and Saudi Arabia’s Public Investment Fund. This information comes from a report by The Wall Street Journal.
Electronic Arts is best known for its annual sports titles. These include popular franchises like Madden NFL, FIFA, and NBA Live. The company also produces other major video game series such as The Sims, Battlefield, Need for Speed, and Star Wars.
According to the Wall Street Journal report, this potential deal could become the largest leveraged buyout in history. A leveraged buyout means the acquisition is primarily funded through debt.
After the news broke that Electronic Arts could be going private, the company’s stock price increased significantly. Stocks jumped by fifteen percent on Friday afternoon.