Gaming giant Electronic Arts bought in unprecedented 55bn deal

Electronic Arts (EA), one of the biggest gaming companies in the world, has agreed a deal to sell the company for $55bn (£41bn). The consortium of buyers include Saudi Arabia's Public Investment Fund (PIF), Silver Lake and Jared Kushner's Affinity Partners. EA is known for making and publishing best-selling games such as EA FC, formerly known as Fifa, The Sims and Mass Effect. It is understood to be the largest leveraged buyout in history - where a significant amount of the purchase is financed by borrowing money. The deal will take EA private - meaning all of its public shares will be purchased and it will no longer be traded on a stock exchange.