Electronic Arts, the video game company behind hits like Madden NFL and The Sims, has entered into an agreement to be bought for $55 billion.
The three buyers are private equity firm Silver Lake Partners (which is also set to co-own TikTok's new U.S. business); Saudi Arabia's private wealth fund PIF; and Affinity Partners, an investment firm whose founder and CEO is Jared Kushner, the son-in-law of President Donald Trump.
The deal, the largest private equity-funded buyout in history, was made public on Monday (Sept. 29). Current stockholders in the company will get $210 per share in cash, 25% above what the stock was worth as of last Thursday.
Per the Associated Press, the price of the company's stock began rising on Friday as rumors about the acquisition began to surface.
The deal is still subject to regulatory approval because of the involvement of Saudi Arabia. However, the relationship between the Saudis and the Trump family has been extremely tight in recent years, due in no small part to the Saudi-backed LIV Golf tour hosting events at Trump's clubs.
On Monday, an additional Saudi-related Trump deal became public: a $1 billion Trump Plaza project in Jeddah from real estate developer Dar Global, the same company that previously launched a Jeddah Trump Tower.
Jared Kushner expressed excitement about the Electronic Arts deal in a statement.
“Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future," said Kushner, who is married to Trump's daughter Ivanka. "I've admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games—and now enjoys them with his kids—I couldn't be more excited about what's ahead."
The deal, per EA, is expected to close in early 2027.