Electronic Arts to go private in $55 billion deal with PIF, Silver Lake

(Reuters) -Videogame publisher Electronic Arts said on Monday it has agreed to be taken private by a consortium consisting of private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Affinity Partners in a $55 billion deal. Under the deal, EA shareholders will receive $210 per share in cash, representing a premium of 25% as of the company's closing share price on September 25 before reports of a deal emerged. The offer comes at a crucial time for Electronic Arts, which is gearing up to launch the highly-anticipated "Battlefield 6" in an industry where gamers stick to proven and recognizable titles. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Sriraj Kalluvila)

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