Saudi-led consortium completes $55bn EA takeover
Electronic Arts said its $55bn acquisition by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake and Affinity Partners has closed. The deal values EA at about $55bn and pays $210 cash per share. EA common stock has stopped trading and will be delisted from Nasdaq. The consortium includes about $36bn equity and $20bn debt arranged by JPMorgan.
How this was made

The 30-second read
Why it matters
For EA, the key new information is deal completion, cash consideration ($210/share), cessation of trading, and Nasdaq delisting. For the market, it reinforces the leveraged buyout model in gaming and raises expectations of operational changes post-close.
Market read
EA’s takeover completion is a definitive, time-sensitive corporate event that ends EA’s public listing and shifts trading focus to deal execution and any post-close restructuring signals.
What to watch
The article notes debt is carried by EA and speculation about layoffs and monetization; traders should watch for post-close restructuring announcements that could affect creditors and any remaining public-market comparables.
Background
The consortium agreement was announced in late September 2025 and approved by shareholders in December 2025; this update confirms the transaction has now closed.
Ticker impact
Electronic Arts said its Saudi-led consortium acquisition closed, paying $210/share, ending EA common stock trading and triggering Nasdaq delisting.
Near-term trading impact is likely limited to last-trading/liquidity effects; value should converge toward the $210 cash consideration until delisting mechanics complete.
The article states the acquisition has closed, EA common stock ceased trading, and the company will be delisted, which typically ends open-market price discovery and shifts focus to deal-execution/liquidation timing.
Market effects
Signals continued appetite for large gaming LBOs and potential cost-cutting or monetization changes under private ownership.
Highlights Saudi PIF’s expanding footprint in Western entertainment and sports assets, potentially influencing future cross-border deal flow.
Large, leveraged gaming buyout underscores global capital availability for media assets and may affect lender sentiment for similar transactions.
Counterpoint
The $210/share cash outcome reduces uncertainty for EA holders, so the main trade may be about execution timing rather than fundamental re-rating of EA’s standalone prospects.
Key entities
- companyElectronic Arts
Games publisher whose acquisition by a Saudi-led consortium has closed, with $210/share cash and Nasdaq delisting.
- sovereign_investment_fundPublic Investment Fund (PIF)
Saudi state investment fund leading the consortium and taking ownership of EA.
- private_equity_firmSilver Lake
Consortium partner in the EA acquisition.
- investment_firmAffinity Partners
Consortium partner in the EA acquisition.
- financial_institutionJPMorgan
Arranged $20bn of borrowing and acted as financial adviser to the consortium.




