EA acquired by Saudi Arabian investment fund and others for $55 billion — largest ever buyout of a public company

1 month ago 31

Battlefield 6 cover art showing a combat scene

(Image credit: EA)

EA has announced that the gaming giant has been acquired by a consortium that includes Saudi Arabia's PIF, Silver Lake, and Affinity Partners to the tune of $55 billion.

In a press release, the company stated it has entered a definitive agreement to be acquired by a consortium. The group, which includes Saudi Arabia's PIF, will acquire 100% of EA, with the PIF rolling over its existing 9.9% stake in the company. Shareholders will receive $210 a share as a result of the sale. Notably, that's a 25% premium on the $168.32 the share price closed at on September 25, the stock's last fully unaffected trading day.

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Stephen is Tom's Hardware's News Editor with almost a decade of industry experience covering technology, having worked at TechRadar, iMore, and even Apple over the years. He has covered the world of consumer tech from nearly every angle, including supply chain rumors, patents, and litigation, and more. When he's not at work, he loves reading about history and playing video games.

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