An Electronic Arts video game logo is seen at the Electronic Entertainment Expo.
Electronic Arts said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the company will receive $210 per share in cash.
Trading was halted on EA with the stock up about 6% premarket. Shares gained about 15% Friday, closing at $193.35, after the Wall Street Journal reported that the company was nearing a deal to go private.
Affinity CEO Jared Kushner, who is President Donald Trump's son-in-law, touted EA's "bold vision for the future" in a release announcing the deal.
"I've admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games - and now enjoys them with his kids - I couldn't be more excited about what's ahead," Kushner said in a statement.