Electronic Arts (EA), the publisher behind games including The Sims, Madden NFL and Battlefield, is bought out in a $55 billion transaction led by Saudi Arabia’s Public Investment Fund (PIF). Multiple outlets report that the deal closes with EA going private and its shares no longer trading publicly.

The consortium structure is described across reports as including PIF alongside U.S. investors, with Affinity Partners—linked to Jared Kushner, Donald Trump’s son-in-law—participating. Breitbart and other coverage also describe financing elements, including borrowing involving JPMorgan and support from Silver Lake, with the overall price framed as the largest leveraged buyout on record. The Independent and others add that EA shareholders receive $210 in cash per share.

Outlets also differ in emphasis: some focus on the regulatory timing (including recent EU approval), while others concentrate on likely operational impacts. Eurogamer reports expectations of mass layoffs and cites commentary about how the buyout’s leverage could shape decisions about staffing and development, including potential shifts tied to the new owners.