United Kingdom, Sept. 29 -- Electronic Arts (EA) has announced it will be acquired in an all-cash, $55 billion leveraged buyout by a consortium composed of Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners - marking one of the largest take-private deals in corporate history.

Under the deal, EA shareholders will receive $210 per share in cash, representing a 25 per cent premium over the company's unaffected share price before takeover rumors surfaced.

The consortium will also roll PIF's existing 9.9 per cent stake into the transaction.

EA's board has approved the transaction, which is expected to close in Q1 FY27, subject to regulatory and shareholder approvals.

After completion, EA's common stock will be ...