PIF, Affinity Partners and Silver Lake to Buy EA for $55 Billion

Electronic Arts (EA), a global leader in interactive entertainment, has announced that it has entered into an agreement to be acquired by an investor consortium comprised of Saudi Arabia’s Public Investment Fund (PIF), 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 and the per share purchase price represents a 25% premium to EA’s unaffected share price of $168.32 at market close on 25 September 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on 14 August 2025.

The consortium brings deep sector experience, committed capital, and global portfolios with networks across gaming, entertainment, and sports that offer unique possibilities for EA to blend physical and digital experiences, enhance fan engagement, and create new growth opportunities. The transaction represents the largest all-cash sponsor take-private investment in history, with the Consortium partnering closely with EA to enable the Company to move faster and unlock new opportunities on a global stage.

Affinity Partners CEO Jared Kushner, the son-in-law of the US President Donald Trump, said that EA is ​an ​extraordinary ​company with a ​world-class ​management ​team and a bold vision ​for ​the ​future. ​“I have admired their ​ability to create iconic, lasting experiences, ​and ​as ​someone ​who ​grew up playing their ​games ​- and now enjoys them with his ​kids – I couldn’t be ​more ​excited about ​what’s ​ahead,” he said.

Transaction Details

The transaction was approved by EA’s Board of Directors, is expected to close in Q1 FY27 and 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.

Each of PIF, Silver Lake, and Affinity Partners plan to fund the equity component of the financing entirely from capital under their respective control. Upon completion of the transaction, EA will remain headquartered in Redwood City, California and continue to be led by Andrew Wilson as CEO, EA added.