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2mo ago

Electronic Arts to Go Private in $55 Billion Sale to PIF, Silver Lake and Affinity

The buyout now heads for shareholder and regulatory reviews, with closing targeted for EA’s fiscal 2027 first quarter.

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Overview

  • The consortium will pay $210 per share in cash, about a 25% premium to EA’s pre-announcement trading price.
  • JPMorgan committed roughly $20 billion of debt financing, and Saudi Arabia’s PIF will convert its 9.9% EA stake into equity of about $36 billion.
  • Coverage characterizes the transaction as the largest leveraged acquisition on record at approximately $55 billion.
  • EA’s board approved the agreement, and the deal requires a shareholder vote as well as regulatory clearance before it can close.
  • CEO Andrew Wilson will remain in charge after completion, the company will be taken off public markets, and the pact includes a $1 billion termination fee.