Summary
Electronic Arts (EA), known for video games like "Madden NFL" and "The Sims," is being purchased for $55 billion by Silver Lake Partners, Saudi Arabia’s PIF, and Affinity Partners. This deal will take EA private, ending its 36 years as a publicly traded company. The acquisition is the largest leveraged buyout attempt to date.
Key Facts
- EA is being acquired for $55 billion in a deal that will take the company private.
- Silver Lake Partners, Saudi Arabia's PIF, and Affinity Partners are involved in the purchase.
- Affinity Partners is led by Jared Kushner, Donald Trump's son-in-law.
- EA's current CEO, Andrew Wilson, has been leading the company since 2013.
- The purchase price of $210 per share will be offered to EA's stockholders.
- EA was founded by William "Trip" Hawkins and became publicly traded 36 years ago.
- Silver Lake is also involved in a separate joint venture with Oracle for TikTok.
- The acquisition follows similar large-scale buyouts such as Microsoft's purchase of Activision Blizzard.
