Electronic Arts agreeing to a $55 billion deal to go private. A move that could mark the largest leverage buyout in history. For more, we'll bring in Jason Basin, the managing director over at City.Jason, always good to see you, my friends. All right, so EA going private, $55 billion deal, Saudi private investment fund, Silver Lake, Affinity Partners. I I guess my first question, Jason, I'm curious what you think they could do privately.What financial and strategic moves can they make, Jason. privately that ...

[Music] Hello and welcome to Ask for a Trend. I'm Josh Lipton. Over the next half hour, we're breaking down the trends of today that'll move stocks tomorrow.There's a lot to keep track of, so we're focusing on what you need to know to get ahead of the curve. Here's some of the trends we're going to be diving into. Stocks climb Monday as investors eyed a looming US government shutdown.At the end of the session, all the major indices did end the day higher. The gaming world may be playing at a new level after ...

Electronic Arts CEO Andrew Wilson will soon no longer have to answer to Wall Street, but he may not be off the hook. The video-game company he has led since 2013 announced on Monday that it will go private in a $55 billion all-cash deal backed by Saudi Arabia's sovereign wealth fund, as well as the investment firms Silver Lake and Affinity Partners. It is the largest leveraged buyout in history, and shareholders will get a premium of around 25% on Thursday's closing share price, the parties involved said i ...

Electronic Arts (NASDAQ: EA) shares drew fresh attention after reports of a possible $50 billion take-private deal valued the company at 17 times adjusted EBITDA, echoing Microsoft's (NASDAQ: MSFT) Activision Blizzard acquisition multiple.Despite buyout speculation, EA's stock outlook still hinges on the performance of its major franchises. Madden, EA Sports Football Club, and Battlefield are integral to its long-term strategy.Goldman Sachs analyst Eric Sheridan maintained a Neutral rating on EA with a pric ...

The Wall Street Journal's late Friday afternoon report, detailing the largest leveraged buyout (LBO) ever, which would take Electronic Arts (EA) private by private-equity giants, was confirmed by the video game company on Monday morning.Here is the deal overview for the gaming company that owns EA Sports FC, Madden, and The Sims: Electronic Arts (NASDAQ: EA) entered into a definitive agreement to be acquired by a consortium of Saudi Arabia's PIF, Silver Lake, and Affinity Partners. The transaction values EA ...

Let's turn back to our top story this morning, the deal, the biggest leveraged buyout on record. Let's discuss it. Bloomberg Tech co-host Caroline Hyde Caroline, it's punchy, $55 billion for a videogame maker and not even got Battlefield six out yet.This is what they're betting on, future success. Look, this is a company that is all about IP. This is what the CEO is trying to tell its workforce already.He sent out a note to employees, but this is about their strength, not only in shooter games such as Battl ...

Video game maker Electronic Arts – known for The Sims, Madden NFL, Plants vs. Zombies and more – is going private in a deal valued at roughly $55 billion. Saudi Arabia's Public Investment Fund, private equity firm Silver Lake and Jared Kushner's Affinity Partners will acquire EA in the all-cash deal that marks the largest-ever leveraged buyout in history.EA shareholders will receive $210 per share in cash. The Wall Street Journal first reported that the company was nearing a deal on Friday.The deal to take ...

By Zaheer Kachwala (Reuters) -Videogame developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that values the maker of "Battlefield" and "Madden NFL" at $55 billion, which if completed would be the largest leveraged buyout in history. Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake came together to buy the popular videogame maker with a combination of $36 billion in cash, equity already held by PIF, and $ ...

Video game maker Electronic Arts – known for The Sims, Maddel NFL, Plants vs. Zombies and more – could be going private soon with a valuation of roughly $50 million. The possible deal, first reported by The Wall Street Journal, would mark the largest ever leveraged buyout in history. A group of investors including private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners could unveil a deal for the publisher as soon as this week, sources told Reuters on Fri ...

Shares of Electronic Arts jumped 15% on Friday after a report that the company is finalizing a deal to go private at a $50 billion valuation. The company is known for publishing major game titles tied to the NBA, NFL and pro soccer as well as first-person shooter games like Battlefield. A consortium of investors including Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s investment firm Affinity Partners would be stakeholders in the newly private entity. The deal would be the largest ...