Overview

• The all-cash offer values EA at a roughly 25% premium to its pre-announcement price and has been approved by the company’s board.
• Funding includes about $36 billion in equity from the buyers and approximately $20 billion in debt arranged by JPMorgan Chase.
• Andrew Wilson will remain CEO and the company will keep its headquarters in Redwood City as it transitions to private ownership.
• Saudi Arabia’s Public Investment Fund, already a roughly 9.9% EA shareholder, will roll its stake into the transaction, which would be the second-largest gaming deal on record.
• The leveraged buyout and the roles of the Saudi state fund and Jared Kushner’s Affinity Partners have prompted political scrutiny as authorities prepare their reviews.