Electronic Arts will reportedly be acquired for $50B

The video crippled institution Electronic Arts is nearing a $50 cardinal sale to a radical of investors including Silver Lake and Saudi Arabia’s Public Investment Fund, according to a study from The Wall Street Journal.

EA is champion known for its yearly sports titles successful franchises similar Madden NFL, FIFA, and NBA Live, arsenic good arsenic video crippled bid similar The Sims, Battlefield, Need for Speed, and Star Wars.

According to the Journal’s report, this woody could beryllium the largest leveraged buyout successful history, meaning that the woody is mostly funded with debt.

After the quality broke that EA could beryllium going private, stocks jumped 15% connected Friday afternoon.