Electronic Arts in Talks to Go Private: $50 Billion Deal
This is also important:
Publicly traded video game giant Electronic Arts is closing in on a nearly $50 billion deal to become a privately held company, Variety has confirmed.
As first reported by the Wall Street Journal Friday, a group of investors, including private-equity firm Silver Lake, are in talks with the maker of “The Sims,” “Battlefield” and “Madden” franchises to take th company in private. If the deal goes through, it would like be the biggest leveraged buyout in history.
Representatives for Electronic Arts and Silver Lake did not immediately respond to request for comment Friday.
More to come…
