U.S. Electronic Arts to Be Acquired by Investor Consortium
(MENAFN) Electronic Arts (EA), a prominent U.S.-based interactive entertainment giant, has entered into a definitive agreement to be acquired by an investor consortium, valued at approximately $55 billion. The consortium includes PIF, Silver Lake, and Affinity Partners, according to a statement released by EA on Monday.
Under the deal, the consortium will take full control of EA, with PIF maintaining its current 9.9% share in the company. Shareholders of EA are set to receive $210 per share in cash, representing a significant 25% premium over the company's closing share price of $168.32 on September 25.
"The transaction represents the largest all-cash sponsor take-private investment in history, with the Consortium partnering closely with EA to enable the Company to move faster and unlock new opportunities on a global stage," the statement reads.
The acquisition will be financed through a combination of cash contributions from PIF, Silver Lake, and Affinity Partners, alongside the rollover of PIF’s existing equity in EA.
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