Electronic Arts in its $55 billion acquisition by the Saudi Arabia Public Investment Fund, Silver Lake and Affinity Partners

On September 29, 2025, Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, announced that it has entered into an agreement to be acquired by an investor consortium comprised by the Saudi Arabia Public Investment Fund (“PIF”), Silver Lake and Jared Kushner’s Affinity Partners, in an all-cash transaction that values EA at an enterprise value of $55 billion.  The acquisition represents the largest all-cash sponsor take-private transaction in history, with an equity transaction value more than $20 billion greater than that of the next largest sponsor take-private transaction.  The financing package includes committed equity financing from PIF, Silver Lake and Affinity Partners, and $20 billion of committed debt financing from JPMorgan, the most significant debt raise in the history of leveraged buyouts.  EA stockholders will receive $210 per share in cash, which represents a 25% premium to EA’s unaffected share price.  Upon completion of the transaction, EA will remain headquartered in Redwood City, California and continue to be led by Andrew Wilson as CEO.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Electronic Arts.