The acquisition of Electronic Arts Inc. (EA) by a consortium comprised of PIF, Silver Lake, and Affinity Partners for a closing value of $55 billion. Under the terms of the agreement, Electronic Arts stockholders will receive $210 per share in cash. (Press Release)

Expected to close in the first quarter of 2027, for a closing value of $55 billion. Under the terms of the agreement, the Consortium comprised of PIF, Silver Lake, and Affinity Partners will acquire 100% of Electronic Arts (EA), with PIF rolling over its existing 9.9% stake in the company. Electronic Arts stockholders will receive $210 per share in cash.

Press Release, Merger Agreement

Termination Fee:

Electronic Arts to Consortium (Company Window Shop Period Termination Fee): $540 million

Electronic Arts to Consortium (Company Termination Fee): $1 billion

Consortium to Electronic Arts (Parent Termination Fee): $1 billion

Outside Date: September 28, 2026 (might extend to December 28, 2026)

Last week, the Wall Street Journal reported that videogame maker Electronic Arts was in advanced talks to go private in a roughly $50 billion deal. The stock was trading at $168.32 when the report revealed that a group of investors including private-equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s investment firm Affinity Partners would be involved in the deal.

Electronic Arts Inc. Investor Relations

Public Investment Fund Investor Relations

Silver Lake Investor Relations

Affinity Partners Investor Relations