Saudi-led consortium finalizes $55 billion acquisition of Electronic Arts

Published Aug 5, 12:08 PM UTC

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A consortium led by Saudi Arabia's Public Investment Fund (PIF), along with private equity firm Silver Lake and Jared Kushner's Affinity Partners, has completed the $55 billion acquisition of video game maker Electronic Arts (EA). EA's stock has ceased trading and will be delisted from Nasdaq; shareholders will receive $210 per share in cash. The deal marks a major expansion of Saudi investment into sports and gaming. PIF is reportedly borrowing $20 billion from JPMorgan to finance the transaction, making it the largest leveraged buyout in history. Analysts warn the debt burden may force EA to focus on safe franchises like The Sims and Battlefield, potentially leading to layoffs, studio closures, or IP sell-offs.

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US Top News and AnalysisWestern

Original headline: Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal

Original language: EN-US

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Saudi-led consortium completes record $55 billion acquisition of Electronic Arts

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People and interests

Jared Kushner JPMorgan Saudi Arabia