Shares of Roblox Corp (NYSE: RBLX) are trading higher Monday morning following news that video game giant Electronic Arts is set to go private in a landmark leveraged buyout. Here’s what investors need to know.
What To Know: The surge in Roblox’s stock is part of a broader rally across the gaming industry, sparked by the massive vote of confidence in the sector. Electronic Arts, the maker of franchises like Battlefield and Madden NFL, is being acquired for approximately $50 to $55 billion by a consortium including private equity firm Silver Lake and Saudi Arabia’s Public Investment Fund, Reuters reports.
