Saudi Arabia’s US$55 Billion EA Buyout Closes
A Saudi-led consortium led by Saudi Arabia’s Public Investment Fund (PIF), with Silver Lake and Affinity Partners, has closed its $55 billion leveraged buyout of Electronic Arts (EA). EA shareholders received $210 per share, about a 25% premium to $168.32. PIF now controls about 93.4%. The deal was cleared by EU regulators and closed around 4 Aug 2026.
How this was made

The 30-second read
Why it matters
Regulatory clearance and deal close shift EA from public equity to private ownership with PIF holding about 93.4%, reducing transparency and changing the risk profile for holders and traders.
Market read
This is a take-private completion story with concrete deal terms, ownership split, and regulatory clearance timing, relevant mainly to deal-arb and last-trade liquidity.
What to watch
The article does not discuss post-close leverage servicing, debt terms, or any commitments on content strategy, which could drive longer-term value more than the geopolitical framing.
Background
A Saudi-led consortium (PIF, Silver Lake, Affinity Partners) agreed in September 2025 to buy Electronic Arts for $210 per share, subject to regulatory approvals.
Ticker impact
The article says a Saudi-led consortium completed a $55 billion leveraged buyout, taking Electronic Arts private and ending Nasdaq trading.
Near-term public-market impact is limited because the stock is bought out and no longer trades; any remaining effect is on deal-arb spreads and last-trade liquidity.
The text provides deal-close timing and ownership percentages, but does not include post-close financial guidance or operational changes.
Market effects
Large sovereign-backed gaming consolidation could raise expectations for further publisher buyouts and reshape competitive dynamics in live-service gaming.
Highlights Saudi investment via PIF and Savvy into Western cultural assets, potentially increasing cross-border M&A attention.
Signals continued capital flows from oil-rich states into global entertainment platforms, with geopolitical scrutiny as a recurring overhang.
Counterpoint
Because the company is taken private, the strategic narrative may matter less for near-term trading than the mechanics of deal completion and any residual regulatory or financing risk.
Key entities
- companyElectronic Arts
Nasdaq-listed publisher being taken private in a $55 billion leveraged buyout.
- sovereign wealth fundPublic Investment Fund (PIF)
Saudi-led consortium member that increases control to about 93.4% post-close.
- private equitySilver Lake
Consortium partner holding about 5 to 5.5% post-close.
- investment firmAffinity Partners
Jared Kushner-founded firm holding about 1 to 1.1% post-close.
- financial institutionJPMorgan Chase & Co.
Led the debt arrangement with about $18 billion deployed at closing.




