EA Stock Price: Electronic Arts climbs 5% on being acquired for $52.5 billion by private equity firms
Shares of Electronic Arts, the maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” climbed 5% on Monday after announcing that it is being acquired for $52.5 billion by a consortium of private equity firms.
Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is run by President Donald Trump’s son-in-law, Jared Kushner.
The deal is valued at $55 billion if AE’s debt is included, far exceeding the $32 billion price tag to take Texas utility TXU private in 2007, which had shattered records for leveraged buyouts.
