“Electronic Arts Inc, 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 percent of EA, with PIF rolling over its existing 9.9 percent stake in the Company.”
“EA stockholders will receive $210 per share in cash. The per share purchase price represents a 25 percent premium to EA’s unaffected share price of $168.32 at market close on September 25, 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on August 14, 2025. PIF, Silver Lake, and Affinity Partners bring 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,” says a press release from EA. Love the “Consortium,” sounds like an evil organization from Mass Effect.
“PIF” stands for “Public Investment Fund” – as in the Saudi sovereign wealth fund – and Affinity Partners is Kushner’s slush fund for collecting his ill-gotten funds from Middle Eastern autocrats.