Electronic Arts (EA) is to be taken private under a $55bn (£41bn) buyout - a record sum for such a deal.Under the terms, private equity firm Silver Lake Partners, Saudi Arabia's Public Investment Fund (PIF) and Affinity Partners will pay the video game maker's shareholders $210 per share. The sum represents a premium of 25% on EA's closing share price last Thursday, before the Wall Street Journal first reported that an announcement was close.Money latest: Tax rumour hits one area of housing market Subscrib ...

By Milana Vinn and Zaheer Kachwala (Reuters) -Electronic Arts, the videogame publisher behind titles such as "FC" and "Battlefield", is in advanced talks to go private at a valuation of roughly $50 billion, according to sources familiar with the matter. 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 next week, the sources said on Friday. If it goes through, the dea ...