It’s official: EA is selling to private equity in $55 billion deal

Electronic Arts (EA), one of the world's largest video game companies, has officially announced a deal to be acquired by private equity firm Thoma Bravo for $55 billion. The acquisition will take EA private, with shareholders receiving $210 per share, significantly higher than the company's all-time high stock price. The deal represents a substantial premium for EA investors and is seen as a strategic move by the company to unlock greater value and flexibility in the rapidly evolving gaming industry. Thoma Bravo, a leading private equity firm, has a track record of investing in and growing technology companies. The transaction is expected to close by the end of 2023, subject to regulatory approvals and other customary closing conditions. Once completed, EA will continue to operate as an independent entity, with its current management team remaining in place to oversee the company's ongoing operations and future growth strategies.