EA (and EA Sports) have been SOLD for $55 Billion, and gone private Buyers include Newcastle’s owners, the Saudi Public Investment Fund 🇸🇦

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As reported by the The Wall Street Journal, gaming giant EA is set to go private⁠—that is, no longer be traded on the stock market⁠—in a $50 billion deal with an investor group. This would be the largest such leveraged buyout ever recorded.
According to the WSJ's anonymous sources, EA could be sold for as much as $50 billion, though the final price has not yet been agreed on, and EA has an estimated market value of $43 billion. The group of investors reportedly includes the private equity firm Silver Lake and the government of Saudi Arabia's Public Investment Fund.

The deal could be announced as early as next week, and would be the largest leveraged buyout ever recorded. A leveraged buyout is when a private equity firm uses a significant amount of borrowed money to seal the deal, with the asset set to be acquired used as collateral in the debt.

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