Video game company Electronic Arts, known as the maker of the “The Sims” and “Madden NFL,” is being acquired in a $55 billion deal.
The California-based company said Monday it had entered into a definitive agreement to be acquired by a consortium of companies including Affinity Partners, PIF and Silver Lake.
“The transaction positions EA to accelerate innovation and growth to build the future of entertainment,” the company said in a statement.
— This is developing news and will be updated
Mary Cunningham
Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at “60 Minutes,” CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
