An investor group that includes Silver Lake Management, Affinity Partners, and Saudi Arabia’s Public Investment Fund (PIF) has struck a deal to acquire Electronic Arts Inc.
The deal values EA at $55B, positioning the organization to accelerate innovation and growth, according to a news release. Under the agreement, the investor group will acquire 100% of EA, with PIF rolling over its existing 9.9% stake in the company.
“PIF is uniquely positioned in the global gaming and esports sectors, building and supporting ecosystems that connect fans, developers, and IP creators,” said Turqi Alnowaiser, deputy governor and head of international investments at PIF, in the release. “PIF has demonstrated a strong commitment to these sectors, and this partnership will help further drive EA’s long-term growth, while fueling innovation within the industry on a global scale.”
EA stockholders will receive $210 per share in cash — representing a 25% premium to EA’s share price of $168.32 at market close on Sept. 25, 2025, its last fully unaffected trading day, and a premium to its all-time high of $179.01 at market close on Aug. 14, 2025.
“Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business,” said Andrew Wilson, EA’s chairman and co-chief executive officer, in the release. “This moment is a powerful recognition of their remarkable work. Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities. Together with our partners, we will create transformative experiences to inspire generations to come. I am more energized than ever about the future we are building.”
According to the release, the transaction will be funded through cash from each investor, the rollover of PIF’s existing stake in EA, which amounts to an equity investment of roughly $36B, and $20B of debt financing through JPMorgan Chase Bank, N.A. Of the financing by JP Morgan, $18B is expected to be funded at the close of the deal. PIF, Silver Lake, and Affinity Partners all plan to fund the equity component of the financing entirely from capital under their respective control.
“Electronic Arts is an extraordinary company with a world-class management team and a bold vision for the future. I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games — and now enjoys them with his kids — I couldn’t be more excited about what’s ahead,” said Jared Kushner, CEO of Affinity Partners.
The transaction is expected to close in the first quarter of fiscal year 2027 and is subject to customary closing conditions, including receipt of required regulatory approvals and approval by EA stockholders, noted the press release. Following the close of the transaction, EA’s common stock will no longer be listed on any public market.
