The deal will be fully paid in cash, not with obligations and contracts, as is usually the case in the industry.
Electronic Arts has announced a definitive agreement to be acquired by a consortium of private investors, including the Saudi Arabian Sovereign Wealth Fund (PIF), Silver Lake, and Affinity Partners. The deal is worth $55 billion, with the consortium receiving 100% of the company's shares.
EA shareholders will receive $210 per share, a 25% premium over the last unaffected market price of $168 and a premium to the all-time high share price of $179.
EA stated that the deal "will allow the company to accelerate innovation and growth to build the future of the entertainment industry".
Our creative and passionate teams have created unique experiences for hundreds of millions of fans, developed iconic franchises, and brought significant value to our business. This deal is a powerful recognition of their outstanding work. In the future, we will continue to push the boundaries of entertainment, sports, and technology, opening up new opportunities. Together with our partners, we will create transformative experiences that will inspire future generations. I am full of energy and enthusiasm about our future.
