“Madden” maker EA surges on report it’s nearing $50 billion deal to go private
Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.
According to the WSJ, an investment group including Saudi Arabia’s Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.
In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.
Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.
In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.
Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.
