Saudi Investors Acquire Electronic Arts for $55 Billion
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Electronic Arts (EA) may soon be bought. An investor group wants to buy the video game company. This group includes Saudi Arabia's wealth fund and others.
The investors value EA at about 55 billion dollars. EA's stock will be worth $210 per share. This deal is bigger than a past big deal in Texas.
The Saudi fund already owns some of EA. They will keep their current share in the company. This shows they want to grow their gaming business a lot.
The deal needs to be checked by the government. This is because Saudi Arabia is involved in the deal. Some people think the deal will be approved without problems.
If the deal happens, EA will stop being a public company. The company's boss will stay in charge. EA's headquarters will remain in California, according to reports.
Questions
Who wants to buy Electronic Arts?
An investor group that includes Saudi Arabia's wealth fund wants to buy Electronic Arts.
How much is Electronic Arts valued at?
Electronic Arts is valued at about 55 billion dollars.
What will happen to EA if the deal goes through?
If the deal happens, EA will stop being a public company, but the company's boss will stay in charge.
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