Ed Ludlow, host of Bloomberg Tech, discusses video game maker EA and their buyout agreement.
Electronic Arts Inc. agreed to sell to a group of private investors in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record.
The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, agreed to pay $210 per share in cash for the Redwood, California-based company, according to a statement Monday. That represents a 25% premium to where its shares traded before the talks leaked on Friday.
(Source: Bloomberg)
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