Overview
- Electronic Arts said it will be acquired by a consortium including Silver Lake, Saudi Arabia’s Public Investment Fund and Affinity Partners, the firm founded by Jared Kushner.
- Shareholders are set to receive $210 in cash per share, a 25% premium to EA’s Sept. 25 closing price, with the company expected to be delisted once the transaction completes.
- La Vanguardia reports the deal totals roughly $36 billion in equity and about $20 billion in debt financing led by JPMorgan, a structure that the outlet says sets a record for this type of leveraged buyout.
- PIF previously held a 9.9% stake in EA, and Expansión reports the financing will include cash from PIF, Silver Lake and Affinity Partners along with a renewal of PIF’s existing holding.
- Both sides face a $1 billion reverse or termination fee under specified conditions, and the deal remains subject to shareholder votes and regulatory review.