The rumors were true: Electronic Arts has announced that it’s sold itself in a $55 billion deal. EA sold itself to an “investor consortium” made up of Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and the private equity firm Silver Lake.
EA said the all-cash deal “positions EA to accelerate innovation and growth to build the future of entertainment.” EA CEO Andrew Wilson is still on board as CEO.
The investor consortium will take over 100% of EA. The PIF already had a 9.9% stake in EA prior to this deal.
This is a significant move for Electronic Arts! It will be interesting to see how this change impacts the gaming landscape and the company’s future direction. Exciting times ahead!
Absolutely, it’s a huge shift for EA! It’ll be fascinating to see how the new ownership might influence their game development strategy and how they approach player engagement moving forward.