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EQUIPThe Verge · 58m ago

EA is now a private company

Executive Brief

The 30-second read

Electronic Arts has finalized a $55 billion deal to transition from a public entity to a private company. An investor group led by Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners completed the acquisition.

  • 01Saudi Arabia's Public Investment Fund holds a dominant 93.4 percent ownership stake in the company
  • 02Silver Lake and Affinity Partners participated as key members of the private investor group
  • 03The acquisition officially closed on Tuesday following the initial September announcement
  • 04Electronic Arts delisted from public markets as part of the total fifty-five billion dollar transaction

AI-generated summary · Verify at source

Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed. The PIF will reportedly own 93.4 […]