Gaming giant Electronic Arts (EA) has officially confirmed its acquisition for $55 billion by a private investment consortium. The investor group includes Saudi Arabia's Public Investment Fund (PIF), U.S. investment firm Silver Lake, and Affinity Partners, founded by former U.S. President Donald Trump's son-in-law Jared Kushner. 
In a statement, EA confirmed the transaction is an all-cash acquisition, with the consortium acquiring 100% of the company's shares. Shareholders are set to receive $210 per share in cash.
The $210 per share offer represents a 25% premium over EA's last undisturbed share price of $168.32 and exceeds its all-time high of $179.01. The deal has received approval from EA's Board of Directors and is anticipated to close by the end of June 2026, during the first quarter of fiscal year 2027.
EA emphasized that following the acquisition, the company will continue to operate independently, with current CEO Andrew Wilson remaining at the helm. Its headquarters will stay in Redwood City, California. 
Notably, Saudi Arabia's PIF is a core fund spearheaded by Crown Prince Mohammed bin Salman Al Saud, viewed as a critical tool for diversifying the Saudi economy and lessening its dependence on oil. The fund has already made substantial investments in various gaming companies, including Take-Two and SNK.
Affinity Partners, established in 2021, primarily invests in U.S. and Israeli companies, with a significant portion of its capital coming from the Saudi government. Silver Lake Partners, also involved in the deal, is an affiliate of the global private equity firm Silver Lake, headquartered in Silicon Valley.
Commenting on the acquisition, Co-CEO Egon Durban stated, "EA is a global leader in interactive entertainment, boasting top-tier sports franchises and rapid revenue growth. Under Andrew's leadership, revenue has doubled and market capitalization has increased fivefold. We will continue to invest in and support EA's global expansion and innovation."