$55 Billion Deal for Electronic Arts Is Biggest Buyout Ever

Jared Kushner's private equity firm and Saudi Arabia's sovereign wealth fund are leading a consortium to acquire Electronic Arts (EA) for $55 billion, making it the largest buyout deal ever in the video game industry. The consortium, which includes other investors, aims to take the publicly-traded EA private in a move that reflects the growing influence of private equity and sovereign wealth funds in the gaming sector. The deal highlights the increasing value and importance of the video game industry, as the global gaming market continues to expand. EA is one of the world's largest video game companies, known for popular franchises such as "Madden NFL," "FIFA," and "The Sims." The transaction is subject to regulatory approvals and is expected to close by the end of 2023. If successful, it will mark a significant shift in the ownership structure of the video game industry, with private investors playing a more prominent role in shaping the future of this rapidly evolving market.