EA going private in a deal that will pay shareholders $210 a share
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo.
Lucy Nicholson | Reuters
Electronic Arts said Monday that it has agreed to be acquired by PIF, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the company will receive $210 per share in cash.
Trading was halted on EA with the stock up about 6% premarket. Shares gained about 15% Friday after the Wall Street Journal reported that the company was nearing a deal to go private.
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