Saudi PIF-led consortium completes acquisition of EA in landmark gaming deal
A PIF-led consortium with Silver Lake and Affinity Partners completed its acquisition of Electronic Arts, taking EA private. The deal, announced in Sept. 2025 and approved by EA shareholders in Dec., closed Tuesday. EA shareholders will receive $210 per share in cash and EA was delisted from Nasdaq. PIF said it will invest in long-term growth and AI in game development.
How this was made

The 30-second read
Why it matters
For EA holders, the key new information is the transaction closing with a fixed $210 per share cash payout and Nasdaq delisting, which typically compresses equity optionality and shifts focus to deal completion mechanics.
Market read
This is a primary M&A close event for EA with explicit cash consideration and delisting, which is actionable for deal-arb and liquidity expectations.
What to watch
Deal-arb outcomes can still hinge on settlement timing, any remaining procedural steps, and how quickly delisting/liquidity changes affect spreads.
Background
The acquisition was announced in September 2025 and approved by EA shareholders in December, with this article reporting the official close.
Ticker impact
Saudi PIF-led consortium completed its acquisition of Electronic Arts, paying $210 per share and delisting EA from Nasdaq.
Near-term volatility likely tied to deal-arbitrage spreads and delisting mechanics rather than operating fundamentals.
The article discloses the transaction closing, the per-share cash consideration, and Nasdaq delisting, which are direct catalysts for public-share pricing and liquidity.
Market effects
Signals continued sovereign-backed consolidation interest in large interactive entertainment franchises.
Reinforces Saudi Arabia’s push to build a gaming and esports investment platform via PIF and Savvy Games Group.
May encourage further cross-border private-market bids for major gaming assets as capital remains available.
Counterpoint
Cash-out and delisting can reduce long-term upside participation for public shareholders, making post-close trading less about fundamentals and more about execution risk.
Key entities
- companyElectronic Arts
Gaming publisher being acquired and taken private; shareholders receive $210 per share and the stock is delisted.
- sovereign_wealth_fundPublic Investment Fund (PIF)
Led the consortium completing the acquisition of EA.
- private_equity_firmSilver Lake
Consortium partner in the acquisition of EA.
- investment_firmAffinity Partners
Consortium partner in the acquisition of EA.
- gaming_investment_vehicleSavvy Games Group
PIF-owned platform referenced as a major vehicle for gaming investments and esports development.





