EA bought for $55 billion in biggest leveraged buyout in history

A historic deal (EA)Electronic Arts has confirmed it is being acquired by a group of private investors, including the sovereign wealth fund of Saudi Arabia.After reports emerged over the weekend of a potential buyout of EA, the company has now confirmed it will be acquired by a ‘consortium’ of investors.The video game publisher, known for titles like EA Sports FC and Battlefield, has entered an agreement to be acquired by PIF (Public Investment Fund), Silver Lake, and Affinity Partn