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ZDawg@lemmy.world to Gaming@lemmy.ml · 22 days ago

EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

news.ea.com

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EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

news.ea.com

ZDawg@lemmy.world to Gaming@lemmy.ml · 22 days ago
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Accelerates EA’s Strategic Vision to Advance the Future of Entertainment Stockholders to Receive $210 Per Share in Cash Representing 25% Premium to Unaffected Share Price Transaction Represents Largest All-Cash Sponsor Take-Private Investment in History Electronic Arts Inc. (NASDAQ: EA) (“EA” or the “Company”), a global leader in interactive entertainment, today announced that it has entered into a definitive agreement to be acquired by an investor consortium (“the Consortium”) comprised of PIF, Silver Lake, and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion. The transaction positions EA to accelerate innovation and growth to build the future of entertainment. 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 per share purchase price represents a 25% premium to EA’s unaffected
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