Ending a long era for gaming, Electronic Arts announced today it was acquired for $55 billion by a Saudi-led consortium.
Saudi Arabia’s Public Investment Fund will own 94% of EA, with the rest distributed among Silver Lake, and Affinity Partners (run by Jared Kushner, Donald Trump’s son in law).
The deal took about 10 months to close, a short time given its magnitude. The deal was approved by EA stockholders at the special meeting of stockholders held on December 22, 2025.
“This moment recognizes the extraordinary people whose creativity, ambition and passion have made EA one of the world’s leading interactive entertainment companies,” said Andrew Wilson, Chairman & CEO of Electronic Arts, in a statement. “We’re entering this next chapter from a position of strength with partners who share our vision and ambition. Together, we’ll invest boldly, accelerate innovation, and build the next generation of games and experiences for the hundreds of millions of players and fans who inspire us every day.”
“Having been a minority investor in the company for more than five years, we have a deep understanding of EA’s unique platform, massive global sports and gaming franchises, and iconic IP,” said Turqi Alnowaiser, Deputy Governor and Head of International Investments at the Public Investment Fund, in a statement. “Entertainment and sports are key areas of strategic focus for PIF, and are among the fastest growing and evolving sectors around the world. Together, the Consortium is uniquely positioned to be a long-term partner to EA’s management team in driving sustained growth and innovation for EA and the industry.”
“EA’s franchises are some of the most beloved in entertainment, combining exceptional creative talent with a relentless focus on players,” said Egon Durban, CEO and Managing Partner of Silver Lake, in a statement. “As long-term investors in technology, we admire how EA’s innovation fuels imagination and human connection. We’re proud to join with PIF and Affinity Partners to invest heavily in EA’s growth, including what AI can do to enhance game development and player experience, and excited to partner with Andrew and the EA team as they raise the bar for fans everywhere.”
“EA has created stories, characters, and communities that have become part of everyday life for hundreds of millions of people,” said Kushner, CEO of Affinity Partners, in a statement. “We’re excited to support the company as it continues to reach new audiences, inspire the next generation of creators, and expand the ways people around the world connect through play.”
With the transaction complete, EA stockholders will receive $210 in cash for each share of EA common stock they owned as of the closing. EA’s common stock has ceased trading and will be delisted from NASDAQ.
Advisors
Goldman Sachs & Co. LLC served as EA’s financial advisor and Wachtell, Lipton, Rosen & Katz served as EA’s legal advisor.
Kirkland & Ellis LLP served as legal counsel to the Consortium. Kirkland & Ellis LLP served as lead legal counsel to PIF, with Gibson, Dunn & Crutcher LLP and White & Case LLP providing specialized counsel. Latham & Watkins LLP and Simpson Thacher & Bartlett LLP served as Silver Lake’s legal counsel. Sidley Austin LLP served as Affinity Partners’ legal counsel.
J.P. Morgan Securities LLC served as the Consortium’s financial advisor.