EA confirms it will go private in $55 billion acquisition
Electronic Arts (EA), a major video game company, has agreed to a $55 billion acquisition that will take the company private. The deal is being led by the Saudi Arabia Public Investment Fund (PIF), Silver Lake, and Affinity Partners. This marks the end of EA's 35-year run as a publicly traded company. The acquisition comes as EA has faced challenges in the games industry, including layoffs and the cancellation of upcoming projects. However, the company's CEO, Andrew Wilson, stated that the deal is a "powerful recognition" of the "extraordinary experiences" created by EA's teams. The deal is expected to close in the first quarter of 2027, pending regulatory approvals. Wilson will continue as CEO, and the company's headquarters in Redwood City, California, will not change. The investor group plans to "invest heavily" in EA and help it expand its reach worldwide.
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