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CHICAGO (AP) — Video game giant Electronic Arts officially has new owners.
The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm Silver Lake Partners and Affinity Partners, which is run by U.S. President Donald Trump’s son-in-law Jared Kushner.
The acquisition’s price tag is the largest-ever for a buyout funded by private equity. And wider shifts to the gaming world could…
