Video Game Maker Electronic Arts To Be Acquired And Taken Private For $55 Billion

FILE - The logo for Electronic Arts is displayed during the Electronic Entertainment Expo in Los Angeles on June 12, 2013. (AP Photo/Jae C. Hong, File)

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)

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