Video game maker Electronic Arts agrees record $55bn buyout

Electronic Arts (EA) is to beryllium taken backstage nether a $55bn (£41bn) buyout - a grounds sum for specified a deal.

Under the terms, backstage equity steadfast Silver Lake Partners, Saudi Arabia's Public Investment Fund (PIF) and Affinity Partners volition wage the video crippled maker's shareholders $210 per share.

The sum represents a premium of 25% connected EA's closing stock terms past Thursday, earlier the Wall Street Journal archetypal reported that an announcement was close.

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The full worth exceeds the $32bn terms paid to instrumentality Texas inferior TXU backstage successful 2007. Around $20bn of the acquisition terms volition beryllium made up of financing.

There's been a rebound successful planetary dealmaking arsenic little cardinal slope involvement rates bring borrowing costs down.

The woody for the shaper of Battlefield, FC 26 and The Sims besides represents assurance successful the betterment for blockbuster crippled franchises pursuing a post-pandemic downturn that saw gamers go cautious connected their spending.

EA's sports portfolio has been its strongest performer owed to its planetary entreaty and that in-game spending has remained resilient.

The transaction is taxable to shareholder and regulatory approval.