Major M&A Activity Rocks Markets: Electronic Arts Acquired for $55 Billion, Novartis Bids for Tourmaline Bio, US Shutdown Looms

Key TakeawaysElectronic Arts (EA) is set to be acquired by a consortium including PIF, Silver Lake, and Affinity in a $55 billion deal, valuing the company at approximately$ 210 per share.Novartis AG (NVS) has initiated a tender offer to purchase all outstanding shares of Tourmaline Bio (TRML) for $48 per share in cash, with the offer expiring on October 27, 2025.As a potential U.S. government shutdown looms, investors are flocking to safe-haven assets, driving U.S. Treasuries firm and pushing U.S. gold res ...