Electronic Arts Inc. has agreed to be acquired by a consortium led by the Public Investment Fund (PIF), Silver Lake, and Affinity Partners in an all-cash transaction valuing the gaming giant at an enterprise value of approximately $55 billion. Under the agreement, the consortium will acquire 100% of EA, with PIF rolling over its existing 9.9% stake. EA stockholders will receive $210 per share in cash, representing a 25% premium to EA’s unaffected share price of $168.32 on September 25, 2025. 

The transaction marks the largest all-cash sponsor take-private investment ever executed. Andrew Wilson, chair and CEO of EA, emphasized the significance of the deal: “Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work.” 

The deal has been unanimously approved by EA’s Board of Directors and is expected to close in Q1 FY27. Post-closing, EA’s stock will be delisted from public markets, with the company continuing to operate from Redwood City, California under Wilson’s leadership. 

Funding for the transaction will include approximately $36 billion in equity from PIF, Silver Lake, and Affinity Partners, and $20 billion in debt financing fully committed by JPMorgan Chase Bank, N.A., with $18 billion expected to fund at close. Legal and financial advisors to the parties include Goldman Sachs, Wachtell Lipton, Kirkland & Ellis, Latham & Watkins, Simpson Thacher, Sidley Austin, and Gibson Dunn, while J.P. Morgan Securities LLC serves as financial advisor to the consortium.