Electronic Arts Stock Soars Amid Potential $50 Billion Buyout Deal

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Electronic Arts Stock Soars Amid Potential $50 Billion Buyout Deal
Photo: Paul Sakuma/AP/TT

Game publisher giant Electronic Arts' stock surged nearly 15 percent on the New York stock exchange. A group of investors plans to buy out the company from the stock exchange in a major deal, reports The Wall Street Journal.

According to the newspaper's sources, a group of investors, with the venture capital company Silver Lake and the state-owned Saudi development fund Pif at the forefront, are ready to pay up to 50 billion dollars for EA. This corresponds to approximately 470 billion kronor and is more than the company's market value.

Also, the investment company Affinity Partners, led by President Donald Trump's son-in-law Jared Kushner, is among the investors, writes Bloomberg.

The Saudi Pif is already one of EA's largest owners.

EA's share closed on Friday with a plus of 14.9 percent, which gives a market value of around 48 billion dollars.

The deal, which may be completed as early as next week, would in that case become the largest buyout from the stock exchange in history, according to The Wall Street Journal.

The California-based EA is a giant in the gaming industry and has, for example, the popular sports games "NHL" and "FC" (formerly Fifa) as well as "The Sims" in the portfolio. The company also owns the Swedish game developer Dice, which makes the "Battlefield" series.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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