Videogame maker EA in advanced talks to go private
News Source : RTE
News Summary
- Under the deal, EA shareholders will receive $210 per share in cash, representing a premium of 25% as of the closing price on September 25 before reports of a deal emerged.
- The deal has an equity value of $52.54 billion, according to Reuters' calculations.
- It would be the largest leveraged buyout on record, eclipsing TXU Energy's 2007 takeover and other landmark transactions of that decade, including Toys "R" Us and Hertz.
- It comes amid a rebound in global dealmaking as easing borrowing costs revive appetite for mega-transactions.
Electronic Arts, the videogame publisher behind titles such as FC and Battlefield, is in advanced talks to go private at a valuation of roughly $50 billion, according to sources familiar with the [+3213 chars]
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