Electronic Arts Agrees to $55 Billion Buyout During Gaming Slump

Electronic Arts Inc. has agreed to sell itself in the largest leveraged buyout on record to a group of investors that includes a firm managed by President Donald Trump’s son-in-law Jared Kushner and Saudi Arabia’s sovereign wealth fund.

The massive deal, valuing the video-game company at about $55 billion, is the latest effort by Saudi Arabia to diversify beyond oil into sports and gaming, a financially tumultuous industry that is increasingly at the heart of youth culture around the planet.

Saudi Arabia’s Public Investment Fund, along with Silver Lake Management and Kushner’s Affinity Partners, agreed to pay $210 ...