Electronic Arts has agreed to a $55 billion deal to go private, confirming a report from last week. The iconic video game publisher will be purchased by an investment group that includes Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Jared Kushner’s Affinity Partners.
EA published a press release confirming the all-cash transaction, which will return $210 per share to EA stockholders as the company transitions to private ownership.
Each of the companies involved shared their perspective on the deal:
“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 Saudi Arabia’s PIF.
Egon Durban, Co-CEO and Managing Partner of Silver Lake, added, “The future for EA is bright. We are going to invest heavily to grow the business, and we are excited to support Andrew and the EA team as the company accelerates innovation, expands its reach worldwide, and continues to deliver incredible experiences to players and fans across generations.”
Jared Kushner, CEO of Affinity Partners and former Senior Advisor to President Donald Trump, shared his enthusiasm as well: “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.”
This acquisition marks a significant milestone in the gaming industry, with EA poised for new growth and innovation under private ownership.
https://www.shacknews.com/article/146148/electronic-arts-sale-saudi-arabia-silver-lake