EA stockholders received $210 per share in cash; the company’s stock has been delisted from Nasdaq
Electronic Arts $EA announced the completion of its acquisition by a consortium comprising Saudi Arabia’s Public Investment Fund, private equity firm Silver Lake, and Affinity Partners, the investment firm led by Jared Kushner. The deal, valued at $55 billion, closed on Tuesday, according to CNBC.
EA shareholders received $210 in cash per share. The company’s stock has ceased trading and has been delisted from Nasdaq $NDAQ, EA said.
The consortium’s agreement to acquire the Redwood City, California-based video game maker was first announced on September 29, 2025, and EA stockholders approved the deal at a special meeting on December 22, 2025.
Andrew Wilson, chairman and CEO of Electronic Arts, said in a statement that the company would “invest boldly, accelerate innovation, and build the next generation of games and experiences” with its new partners.
Turqi Alnowaiser, deputy governor and head of international investments at PIF, noted that the fund had been a minority investor in EA for more than five years. “Entertainment and sports are key areas of strategic focus for PIF, and are among the fastest growing and evolving sectors around the world,” he said in a statement.
Egon Durban, CEO and managing partner of Silver Lake, said the consortium plans to invest in EA’s growth, including the use of artificial intelligence to improve game development and player experience.
Jared Kushner, chief executive officer of Affinity Partners, said in a statement that EA had “created stories, characters, and communities that have become part of everyday life for hundreds of millions of people.”
According to CNBC, PIF has secured a $20 billion loan from JPMorgan $JPM — which also advised on the deal — to fund the transaction, a sum that would make this the biggest leveraged buyout on record.
EA posted GAAP net revenue of approximately $7.5 billion in fiscal year 2026. The company’s portfolio includes EA SPORTS FC, Battlefield, Apex Legends, The Sims, Madden NFL, and College Football, among other titles.
Goldman Sachs $GS & Co. LLC served as EA’s financial advisor, while J.P. Morgan Securities LLC advised the consortium.
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