The sale of Electronic Arts for $55 billion USD has officially been completed as of August 4. The previously public company will be removed from the stock market, as EA will now be fully private.
EA Acquired for $55 Billion
It was previously revealed that the EA acquisition deal was expected to close on August 4, and that has turned out to be accurate, as EA has now officially gone private. Per a press release, the acquisition of EA by PIF, Silver Lake, and Affinity Partners, which are collectively being referred to as The Consortium, has been completed. The $55 billion deal is the biggest leveraged buyout ever, which has seen $20 billion added to EA’s overall debt. With the company’s removal from the stock market, stockholders will be granted $210 for every piece of EA common stock that they owned when the deal was completed. Multiple parties involved in the acquisition have shared statements praising EA, and sharing plans to focus on sustained growth, innovation, and in AI to “enhance game development and player experience.”