Electronic Arts is going private in a $55 billion deal with Saudi Arabia’s PIF, Silver Lake, and Affinity Partners.
Electronic Arts has officially confirmed it will be acquired in a massive $55 billion all-cash deal. The agreement, announced today, will see the company taken private by a consortium that includes Saudi Arabia’s Public Investment Fund (PIF), along with Silver Lake and Affinity Partners.
“Electronic Arts Inc., a global leader in interactive entertainment, today announced that it has entered into a definitive agreement to be acquired by an investor consortium comprised of PIF, Silver Lake, and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion,” the press release reads. “The transaction positions EA to accelerate innovation and growth to build the future of entertainment.”
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