Shares Of Video Game Firm Electronic Arts Shoot Up On Report Of Go-Private Talks At $50B Valuation
Shares of Electronic Arts jumped 15% on Friday after a report that the company is finalizing a deal to go private at a $50 billion valuation. The company is known for publishing major game titles tied to the NBA, NFL and pro soccer as well as first-person shooter games like Battlefield. A consortium of investors including Silver Lake, Saudi Arabia’s Public Investment Fund, and Jared Kushner’s investment firm Affinity Partners would be stakeholders in the newly private entity. The deal would be the largest ...