Electronic Arts Acquired in $55B Deal, PIF Leads Consortium
Electronic Arts (EA), the renowned video game publisher and developer, has been acquired by a high-profile consortium in a landmark deal worth $55 billion. The acquisition, which is the largest all-cash sponsor take-private investment in history, was agreed upon by EA's shareholders to receive $210 per share, a 25% premium over the unaffected stock price.
The consortium behind the acquisition is led by Saudi Arabia's Public Investment Fund (PIF), with the US private equity firm Silver Lake and Affinity Partners, the investment firm of Jared Kushner, as key partners. EA's Chairman & CEO, Andrew Wilson, expressed enthusiasm about the deal, stating it will help push the boundaries of entertainment, sports, and technology.
EA, founded in 1982, is celebrated for its popular franchises such as Madden, FIFA, The Sims, and Battlefield. Speaking about the acquisition, Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF, highlighted PIF's unique position in the global gaming and esports sectors. The buyer's group brings 'deep sector experience, committed capital, and global portfolios' to create new growth opportunities for EA.
Meanwhile, EA is gearing up for the release of Battlefield 6 on October 10, following positive public beta testing. Additionally, the iconic Skate franchise is currently running an Early Access test across platforms.
The acquisition of Electronic Arts by the consortium marks a significant milestone in the gaming industry. With the support of the buyer's group, EA looks forward to exploring new growth opportunities and pushing technological boundaries. Gamers eagerly await the upcoming release of Battlefield 6.
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