Logo of Public Investment Fund (PIF)
Videogame publisher Electronic Arts (EA) today announced that it has entered into a definitive agreement to be acquired by an investor consortium comprised of the Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion. 
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. EA stockholders will receive $210 per share in cash, the company said, in a statement.
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The per share purchase price represents a 25% premium to EA’s unaffected share price of $168.32 at market close on September 25, 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on August 14, 2025, it added.
The transaction was approved by EA’s board of directors, is expected to close in Q1 2027, said the company, adding that the deal is subject to customary closing conditions, including receipt of required regulatory approvals and approval by EA stockholders.
Following the close of the transaction, EA’s common stock will no longer be listed on any public market.
The transaction will be funded by a combination of cash from each of PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA, constituting an equity investment of approximately $36 billion, and $20 billion of debt financing fully and solely committed by JPMorgan Chase Bank, N.A., $18 billion of which is expected to be funded at close, according to the company.
It noted that, each of PIF, Silver Lake, and Affinity Partners plan to fund the equity component of the financing entirely from capital under their respective control.
According to Argaam’s data, PIF owns 24.8 million shares in EA as by the end of Q2 2025, which represents 10% of the company’s share capital.
EA is one of the world’s largest videogame publishers. It was established in 1982 in California, the USA, and is well known for publishing and developing a wide array of successful games globally.
Logo of Public Investment Fund (PIF)
Videogame publisher Electronic Arts (EA) today announced that it has entered into a definitive agreement to be acquired by an investor consortium comprised of the Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion.
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. EA stockholders will receive $210 per share in cash, the company said, in a statement.
For more news and details on MAs
The per share purchase price represents a 25% premium to EA’s unaffected share price of $168.32 at market close on September 25, 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on August 14, 2025, it added.
The transaction was approved by EA’s board of directors, is expected to close in Q1 2027, said the company, adding that the deal is subject to customary closing conditions, including receipt of required regulatory approvals and approval by EA stockholders.
Following the close of the transaction, EA’s common stock will no longer be listed on any public market.
The transaction will be funded by a combination of cash from each of PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA, constituting an equity investment of approximately $36 billion, and $20 billion of debt financing fully and solely committed by JPMorgan Chase Bank, N.A., $18 billion of which is expected to be funded at close, according to the company.
It noted that, each of PIF, Silver Lake, and Affinity Partners plan to fund the equity component of the financing entirely from capital under their respective control.
According to Argaam’s data, PIF owns 24.8 million shares in EA as by the end of Q2 2025, which represents 10% of the company’s share capital.
EA is one of the world’s largest videogame publishers. It was established in 1982 in California, the USA, and is well known for publishing and developing a wide array of successful games globally.
