EA goes private in $55B deal with Saudi fund, Silver Lake and Affinity - UPI.com

Electronic Arts has gone private after being bought by a Saudi fund and other private equity firms. Photos by Electronic Arts

Sept. 29 (UPI) -- Electronic Arts has been sold to private investors in the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.

Stockholders will be paid $210 per share.

EA stock rose about 15% Friday, closing at $193.35, after the Wall Street Journal said the company was about to go private. This morning, the stock was at $202.80.

The all-cash purchase is valued at about $55 billion.

EA goes private in $55B deal with Saudi fund, Silver Lake and Affinity - UPI.com

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EA going private in $55 billion deal that will pay shareholders $210 a share

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EA will be a very different company under private ownership