
Electronic Arts has announced today that its plans to go private have gone ahead. A consortium that includes Saudi Arabia's Public Investment Fund and Trump son-in-law Jared Kushner's Affinity Partners, alongside the private equity firm Silver Lake, has snapped up EA in a $55 billion deal (via Reuters).
"Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work," Andrew Wilson, chairman and CEO of Electronic Arts, says in an official news post. "Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities. Together with our partners, we will create transformative experiences to inspire generations to come. I am more energised than ever about the future we are building.”