Electronic Arts (EA), one of the biggest gaming companies in the world, has agreed a deal to sell the company for $55bn (£41bn).
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A Saudi investor monitors the stock exchange at the Saudi Stock Exchange, or Tadawul, on June 15, 2015 in the capital Riyadh. Saudi Arabia's stock exchange allowed foreign investors to trade shares for the first time, boosting efforts by the world's top oil exporter to become a major global capital market. AFP PHOTO / FAYEZ NURELDINE (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
The consortium of buyers include Saudi Arabia’s Public Investment Fund (PIF), Silver Lake and Jared Kushner’s Affinity Partners.
EA is known for making and publishing best-selling games such as EA FC, formerly known as Fifa, The Sims and Mass Effect.
It is understood to be the largest leveraged buyout in history – where a significant amount of the purchase is financed by borrowing money.