Video game maker Electronic Arts – known for The Sims, Maddel NFL, Plants vs. Zombies and more – could be going private soon with a valuation of roughly $50 million.
The possible deal, first reported by The Wall Street Journal, would mark the largest ever leveraged buyout in history. A group of investors including private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners could unveil a deal for the publisher as soon as this week, sources told Reuters on Friday.
Shares of Electronic Arts, better known as EA, closed around 15% higher on Friday. The deal to take EA private would also mark further consolidation within the industry, after titans such as Activision Blizzard and Zynga were swooped up by even larger firms, further reducing the number of publicly listed video game companies.
EA is headquartered in Redwood City, Calif. The currently public company was founded in 1982, according to its website.
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Electronic Arts faces largest leveraged buyout deal in gaming history
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