Electronic Arts, maker of video games like �Madden NFL” and �The Sims,� is being acquired for $55 billion, the most expensive acquisition of a public company to be taken private in history.
Under the terms of the deal announced Monday, the private equity firm Silver Lake Partners, PIF and Affinity Partners will pay EA�s stockholders $210 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 price paid to take Texas utility TXU private in 2007.
(AP)