Electronic Arts, maker of video games like Madden NFL and The Sims, is being acquired for 55 billion dollars (£41 billion), the most expensive acquisition of a public company to be taken private in history.
Under the terms of the deal announced, the private equity firm Silver Lake Partners, PIF and Affinity Partners will pay EA’s stockholders 210 dollars (£156) per share.
The deal was anticipated, with leaks of discussions coming out at the end of last week in a report by The Wall Street Journal.
The total value of the deal eclipses the 32 billion dollars (£24 billion) price paid to take Texas utility TXU private in 2007.
