EA Agrees to $55 Billion Takeover as Tech Gains and Oil Slides
An all-cash bid from Saudi Arabia’s PIF with Silver Lake and Affinity underscores robust dealmaking.
Overview
- Electronic Arts accepted a $55 billion cash acquisition by Saudi Arabia’s Public Investment Fund alongside Silver Lake and Affinity Partners.
- EA shares were halted before the open and then climbed roughly 5% to 6% once trading resumed.
- Wall Street opened mixed, with the Dow slightly lower and the S&P 500 and Nasdaq higher as Nvidia rose about 3% on continued AI optimism.
- Mexico’s IPC reached a record high, gaining 0.49% to 62,631.54 points, according to the BMV.
- WTI crude fell about 3% to near $63.7 after Kurdistan resumed exports via Turkey and OPEC+ flagged a November output increase, while U.S. M&A volume has topped $1 trillion and a potential federal shutdown remains a market risk.