A Saudi-led group has completed a $55bn purchase of Electronic Arts, taking one of the world’s best-known video games companies into private ownership.
The deal covers the maker of major titles including The Sims and EA FC. Its completion marks a significant change in ownership for the gaming giant, moving the company away from public markets and into private hands.
The transaction also leaves EA carrying debt, according to the supplied material. No further details were provided on the structure of that debt, the members of the buying group, or the terms attached to the takeover.
EA is among the most recognisable names in the games industry, with franchises that have reached large global audiences. The completed purchase therefore represents a major business development in the sector.
The latest position is that the $55bn acquisition has been completed, with EA now under private ownership following the Saudi-led group’s purchase.
