Saudis, Silver Lake, Jared Kushner Take EA Private
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Electronic Arts Inc. (NASDAQ: EA) ("EA" or the "Company"), a global leader in interactive entertainment, today announced that it has entered into a definitive agreement to be acquired by an investor consortium ("the Consortium") comprised of PIF,
Video game powerhouse Electronic Arts is going private in a $55B deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners. CEO Andrew Wilson will remain in charge.
Electronic Arts (EA), the US video game company, has entered into a definitive agreement to be acquired by an investor consortium comprised of PIF, Silver Lake
EA has confirmed it has agreed to be acquired by an investor group composed of PIF, Silver Lake, and Affinity Partners in a transaction valued at approximately $55 billion. It's the largest all-cash sponsor take-private investment in history.
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Video gamer Electronic Arts to be acquired for $55 billion in largest-ever private equity buyout
Electronic Arts, the maker of video games like “Madden NFL," “Battlefield,” and “The Sims,” is being acquired for $55 billion in what could become the largest private equity-funded buyout in history.