EA Officially Delists; Consortium of Investors Acquires Company for $55 Billion
The transaction will be funded entirely in cash rather than through assumed liabilities or contractual arrangements common in the industry.
Electronic Arts announced it has entered into a definitive agreement to be acquired by a consortium of private investors that includes the Saudi Arabia Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The transaction is valued at $55 billion, with the consortium set to acquire 100% of the company’s shares.
EA shareholders will receive $210 per share, representing a 25% premium over the most recent unaffected market price of $168 and exceeding the stock’s prior record high of $179.
EA stated that the deal “will enable the company to accelerate innovation and growth to build the future of the entertainment industry.”
Our creative and passionate teams have crafted distinctive experiences for hundreds of millions of fans, developed iconic franchises, and delivered significant value to our business. This transaction is a powerful acknowledgment of their exceptional work. Going forward, we will continue to push the boundaries of entertainment, sports, and technology, opening up new possibilities. Together with our partners, we will create transformative experiences that inspire future generations. I am energized and enthusiastic about our future.
Source: iXBT.games
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