Electronic Arts has officially completed a $55 billion go-private transaction, giving the video game company new owners. The California-based publisher announced the deal’s closing on Tuesday.
The acquisition ranks as the largest-ever buyout funded by private equity, underscoring the scale of the transaction in the gaming industry. EA is known for major franchises including Battlefield and The Sims.
With the sale complete, Electronic Arts will operate under private ownership rather than as a publicly traded company. The closing marks a major change for one of the world’s best-known video game publishers.
