An Electronic Arts video game logo is seen at the Electronic Entertainment Expo.
Lucy Nicholson | Reuters
Electronic Arts said Monday that it has agreed to be acquired by PIF, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the company will receive $210 per share in cash.
Trading was halted on EA with the stock up about 6% premarket. Shares gained about 15% Friday after the Wall Street Journal reported that the company was nearing a deal to go private.
Affinity CEO Jared Kushner, who is President Donald Trump’s son-in-law, touted EA’s “bold vision ​for ​the ​future” in a release.
“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,” Kushner said in a statement.
EA 5-day stock chart.
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