Electronic Arts stock jumps report it’s nearing $50B take private deal

Shares Electronic Arts Following the report that the video game company approached an agreement of approximately $ 50 billion to be special, it increased by 15% on Friday.

Investors, including Saudi Arabia’s Public Investment Fund and Silver Lake, may announce the agreement as soon as possible next week. Wall Street Journal.

The agreement would be the largest leverage purchase in the history of Wall Street, and in 2007, TXU Energy would exceed the TXU Energy Special Receiving Agreement for a special purchase or ‘LBO’. The debt is mainly used for a tactic used by private capital firms or activists.

Electronic Arts or EA makes popular video games such as Sims, Madden NFL, Football Game FC, known as FIFA. With the earnings of Friday, the stock increased by 32% for the year.

EA did not respond immediately to CNBC’s request for comments.

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