Electronic Arts Will Reportedly Be Acquired For $50b

The video crippled institution Electronic Arts is nearing a $50 cardinal sale to a group of investors including Silver Lake and Saudi Arabia’s Public Investment Fund, according to a study from The Wall Street Journal.

EA is champion known for its yearly sports titles successful franchises for illustration Madden NFL, FIFA, and NBA Live, arsenic good arsenic video crippled bid for illustration The Sims, Battlefield, Need for Speed, and Star Wars.

According to nan Journal’s report, this woody could beryllium nan largest leveraged buyout successful history, meaning that nan woody is mostly funded pinch debt.

After nan news collapsed that EA could beryllium going private, stocks jumped 15% connected Friday afternoon.