Electronic Arts has agreed to a record $55 billion buyout led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The all-cash deal will take EA private in fiscal year 2027, making it the largest sponsor-backed leveraged buyout in history.
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EA confirmed that its board has approved the agreement, valuing the company’s equity at about $55 billion. Shareholders will be paid $210 per share in cash, and EA’s stock will be delisted once the deal closes. JPMorgan Chase has committed to fund the debt portion, with most of it expected at closing.
The company will stay headquartered in Redwood City, California, and Andrew Wilson will remain CEO. Luis Ubiñas, EA’s lead independent director, said the board “carefully evaluated this opportunity and concluded it delivers compelling value for stockholders,” pointing to both immediate cash and long-term support for EA’s creative ambitions.
Taking the company private gives EA flexibility it lacked as a public company. Without quarterly reporting pressure, management could pursue longer-term investments, take risks on new projects, or reorganize internally. Andrew Wilson described the moment as “a powerful recognition” of EA’s teams and said the goal is to create “transformative experiences to inspire generations to come.”
However, the deal also adds $20 billion in debt. That burden may force stricter cost controls, and industry analysts warn it could mean tighter budgets for studios or projects. EA already cut staff in 2024 and in May 2025, and further reductions can’t be ruled out.
Another factor is the involvement of PIF, which already held nearly 10% of EA stock. Combined with Silver Lake and Affinity, the consortium brings deep ties in gaming, sports, and entertainment. That mix could help EA expand its cross-platform and fan engagement strategies.
Egon Durban of Silver Lake said the deal aligns with their model of investing in “exceptional management teams at the highest quality companies.” Jared Kushner of Affinity Partners added a personal note: “As someone who grew up playing their games — and now enjoys them with his kids — I couldn’t be more excited about what’s ahead.”
The acquisition also reflects growing investor appetite for major publishers. EA’s library includes global franchises like Battlefield, Madden, Apex Legends, The Sims, and Need for Speed — IP that continues to draw strong long-term value.
If approvals go through, EA will operate privately from 2027 onward. That could mean new freedom in shaping multi-year strategies, but also close attention to how debt affects spending. With blockbuster launches ahead — including Battlefield 6 in October — some analysts question whether the $210 per share offer undervalues EA’s potential.