Its Official: Electronic Arts Confirms $55 Billion Acquisition Deal with PIF, Silver Lake, and Affinity Partners

Electronic Arts has officially confirmed that it entered into a definitive agreement to be acquired by an investor consortium led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners in a landmark all-cash deal valued at $55 billion.

This marks the largest all-cash sponsor-led take-private transaction in history, according to EA’s announcement.

What Does the Deal Include?

Under the terms of the agreement, the consortium will acquire 100% of EA, with PIF rolling over its existing 9.9% stake in the company. Shareholders will receive $210 per share in cash, which represents a 25% premium compared to EA’s unaffected share price of $168.32 on September 25, 2025, and also surpasses EA’s previous all-time high of $179.01.

The deal will be funded through a mix of equity and debt:

• $36 billion in equity contributed by PIF, Silver Lake, and Affinity Partners

• $20 billion in debt financing fully committed by JPMorgan Chase, with $18 billion expected at closing

Once the acquisition closes, expected in Q1 FY27, pending regulatory and shareholder approval, EA will no longer be publicly traded.

The company will remain headquartered in Redwood City, California, and Andrew Wilson will continue as CEO.

EA’s CEO and Chairman, Andrew Wilson, shared his thoughts on the deal:

“Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work. Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities. Together with our partners, we will create transformative experiences to inspire generations to come.”

Why the Consortium is Investing in EA

Each member of the consortium emphasized EA’s strong position in gaming and the long-term growth potential:

• PIF’s Deputy Governor Turqi Alnowaiser said:

“PIF is uniquely positioned in the global gaming and esports sectors, building and supporting ecosystems that connect fans, developers, and IP creators. This partnership will help further drive EA’s long-term growth, while fueling innovation within the industry on a global scale.”

• Egon Durban, Co-CEO of Silver Lake, praised EA’s track record under Wilson’s leadership:

“EA is a special company: a global leader in interactive entertainment, anchored by its premier sports franchise, with accelerating revenue growth and strong free cash flow. The future for EA is bright—we are going to invest heavily to grow the business and support Andrew and the EA team as they expand worldwide.”

• Jared Kushner, CEO of Affinity Partners, added a more personal note:

“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 my kids—I couldn’t be more excited about what’s ahead.”

The EA Board of Directors unanimously approved the deal. Luis A. Ubiñas, Lead Independent Director, called the acquisition “compelling value for stockholders” and emphasized that the deal strengthens EA’s ability to build gaming communities and entertainment experiences for the future.

With this move, EA joins a growing list of major gaming companies taken private or consolidated through large-scale acquisitions, following in the footsteps of Activision Blizzard (by Microsoft) and Zynga (by Take Two).

The Road Ahead

EA will continue operating under its established leadership, with Wilson at the helm. The company reaffirmed its commitment to iconic franchises, including EA SPORTS FC, Madden NFL, Battlefield, The Sims, Apex Legends, Dragon Age, Need for Speed, and more.