Official announcement!EA sold!$55 billion transactions break record

EA announced that the company has signed a final acquisition agreement with an investment consortium composed of Saudi Public Investment Fund (PIF), Silver Lake and Affinity Partners, a subsidiary of Trump's son-in-law Kushner.Under the agreement, the consortium will acquire EA in all-cash, with the transaction estimated to have an estimated corporate value of approximately $55 billion.The consortium will acquire 100% of EA's shares, with PIF converting its existing 9.9% stake into part of the transaction.

The press release pointed out that all three investors have "deep industry experience, sufficient financial strength, and a global portfolio and network resources covering games, entertainment and sports, which will provide EA with unique opportunities in integrating virtual and realistic experiences, enhancing fan interactions, and expanding growth space."The transaction also set a record for the largest all-cash privatization acquisition in history.

官宣!EA卖了!550亿美元交易刷新记录

The following are comments from all parties:

Andrew Wilson, Chairman and CEO of EA

“EA’s creative and passionate team brings extraordinary experiences to hundreds of millions of players, creating the world’s most iconic IP and creating considerable value for the company. This moment is a strong recognition of their outstanding work. Looking ahead, we will continue to push the boundaries of entertainment, sports and technology to unlock new opportunities. Working with our partners, we will create transformative experiences that inspire generations of players to come. I am more confident in the future we are building than ever.”

Luis A. Ubinas, Independent Chief Director of EA Board of Directors

“The Board of Directors has carefully evaluated this opportunity and concluded that the deal brings attractive value to shareholders while in the best interests of all stakeholders. We are pleased that the deal provides shareholders with immediate and certain cash returns while strengthening the community and experience that EA needs to continue to build the entertainment future.”

Turqi Alnowaiser, Vice President and Head of International Investment, PIF

“PIF has a unique position in the global gaming and esports field, committed to building and supporting an ecosystem that connects fans, developers and IP creators. PIF has demonstrated a long-term commitment in these areas, and this collaboration will further drive EA’s long-term growth and inject more innovative momentum into the industry around the world.”

Egon Durban, Co-CEO and Managing Partner of Yinhu Capital

"This investment fully reflects the mission of Silver Lake Capital: to work with the most outstanding management team to build a top-notch enterprise. EA is a special company - it is a global leader in interactive entertainment, with top sports series as the core, with accelerated revenue growth, strong free cash flow and continued expansion. We are honored to invest and work with Andrew - during his tenure, he doubled his revenue, EBITDA nearly tripled and his market value increased fivefold. EA's future is full of brightness, and we will increase our investment to drive business expansion, support Andrew and the EA team to continue to innovate, expand global influence, and continue to bring extraordinary experiences across generations to players and fans."

Affinity Partners CEO Jared Kushner

“EA is an outstanding company with a world-class management team and a bold vision for the future. I always admire their ability to create lasting and iconic experiences. As someone who has been playing EA games since childhood and still enjoys its work with kids, I’m extremely excited about the future.”