EA acquired by Saudi Arabian investment fund and others for $55 billion — largest ever buyout of a public company

EA has announced that the gaming giant has been acquired by a consortium that includes Saudi Arabia’s PIF, Silver Lake, and Affinity Partners to the tune of $55 billion.

In a press release, the company stated it has entered a definitive agreement to be acquired by a consortium. The group, which includes Saudi Arabia’s PIF, will acquire 100% of EA, with the PIF rolling over its existing 9.9% stake in the company. Shareholders will receive $210 a share as a result of the sale. Notably, that’s a 25%…