Overview
- Shareholders are set to receive $210 per share in cash, representing roughly a 25% premium to the Sept. 25 closing price.
- The consortium will own 100% of EA at closing, and Saudi Arabia’s Public Investment Fund already holds about 9.9%.
- EA characterizes the deal as the largest sponsor-backed all-cash take-private of a public company.
- CEO Andrew Wilson says private ownership will help the company move faster and pursue new global opportunities.
- Affinity Partners is controlled by Jared Kushner, and EA has announced no structural changes or job cuts to date, with shares continuing to trade until completion.