Electronic Arts has been bought for £40billion in the biggest deal of the year so far.
The US firm behind the EA Sports and Battlefield computer games has been taken over by a consortium that includes Donald Trump’s son-in-law Jared Kushner, private equity firm Silver Lake and Saudi Arabia’s Public Investment Fund.
The buyers will pay $210 a share in what will be the largest leveraged buyout in history.
The deal shows how deep-pocketed investors are betting on the enduring value of blockbuster game franchises as the industry recovers from a prolonged downturn.
The offer comes at a crucial time for Electronic Arts, which is gearing up to launch the much-awaited Battlefield 6 game in an industry where fans stick to proven and recognisable titles.
Electronic Arts was set up in 1982 and is one of the world’s largest video game publishers.
Game on: Electronic Arts has been taken over by a consortium that includes Donald Trump’s son-in-law Jared Kushner (pictured with his wife Ivanka Trump)
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .