Electronic Arts nears go-private deal at roughly $50 billion valuation, source says

Electronic Arts EA is nearing a deal to go private at a roughly $50 billion valuation, with a transaction set to be announced as soon as next week, a person familiar with the matter said on Friday.

The Wall Street Journal earlier reported the news, saying the buyer of video games maker Electronic Arts would be a consortium which includes private equity firm Silver Lake and Saudi Arabia's Public Investment Fund.