ELECTRONIC ARTS GOES PRIVATE FOR $55 BILLION IN LARGEST LBO EVER

Summary from the TLDR newsletter

Electronic Arts (EA) has been bought out in a $55 billion deal by a group of investors that includes Saudi Arabia's Public Investment Fund, private-equity firm Silver Lake, and Jared Kushner's investment firm, Affinity Partners. It is the largest leveraged buyout of all time. EA stockholders will receive $210 a share in cash, a 25% premium to EA's share price at Thursday's close.