The videogame company is going private in a $55 billion deal, as it finally has a potential hit combat game on its hands.

President Trump's son-in-law and Saudi Arabia are backing a deal to buy the video game company EA. Can gamers still play? What games does EA make?

This morning's announcement that EA plans to sell itself to a consortium of private equity firms is one of the biggest business stories of the year. The $55 billion deal is the largest leveraged buyout in history and will send ripples through the world of high finance, both within and outside the gaming sector.

It isn't hugely surprising to hear that generative AI is a big part of the vision for EA's second coming as a private company, as reported by insiders.

Beleaguered video game giant Electronic Arts has agreed to a $55 billion acquisition that will take the company private.

EA went public with an IPO on the NASDAQ stock exchange in 1990, and by 1996 its market cap had risen to $1.61 billion. Before today's stock price bump, the company's valuation was hovering around $43 billion, driven by franchises such as Madden NFL, EA FC ( formerly FIFA ), The Sims, and Battlefield.

A bombshell announcement has come from Electronic Arts this morning, confirming the company has agreed to an EA buyout to the tune of ~$55 billion

“Leveraged buyouts leverage debt, which usually means more layoffs, smaller budgets for growth, and fewer risks,” Mona Ibrahim, former lead counsel at Epic Games, said on LinkedIn. “For an industry that thrives on invention, this seems problematic.”

A consortium of investors has bought out one of the biggest video game developers in the world, Electronic Arts