Electronic Arts shareholders approved a takeover proposal that would remove the publisher from public markets and place it under ownership led by Saudi Arabia Public Investment Fund.
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Shareholders of Electronic Arts voted in favor of a buyout led by Public Investment Fund, according to voting results first reported by Bloomberg.
A regulatory filing submitted to the Securities and Exchange Commission shows more than 201 million votes supported the acquisition. Fewer than 2 million votes opposed the deal, with roughly 90,000 abstentions recorded.
Shareholders also approved executive compensation tied to the transaction. That vote passed with more than 1.27 billion votes in favor, compared with 25 million against and about 254,000 abstentions.
The transaction will take Electronic Arts private in a deal valued at $55 billion. Shareholders will receive $210 per share, representing a premium of about 25 percent over the closing price on September 25, 2025.
The structure makes the deal the largest leveraged buyout on record. Financing includes roughly $20 billion in borrowed funds, a level that introduces financial risk tied to future performance and debt servicing.
Saudi Arabia has expanded investment across gaming and sports through Public Investment Fund and Savvy Games Group. Prior investments include stakes in Capcom, Embracer, ESL, Nexon, Nintendo, and Take-Two. The fund also owns interests in traditional sports, including Newcastle United FC and LIV Golf.
Shareholder approval clears a major hurdle, though regulatory review still stands ahead. Public Investment Fund operates under leadership of Mohammed bin Salman. Another minority investor, Affinity Partners, is controlled by Jared Kushner.
Chief executive Andrew Wilson is expected to remain in the role following completion. Wilson said in September that company values will remain unchanged after the transaction.