Tech
EA is now a private company
Electronic Arts (EA) has officially become a private company after successfully closing a $55 billion deal.
Key takeaways
- Electronic Arts has officially closed its deal to become a private company.
- The acquisition deal is valued at $55 billion.
- Saudi Arabia's Public Investment Fund will own 93.4 percent of the new company.
- The deal includes $20 billion of debt financing, making it the largest leveraged buyout ever.
- EA will likely depend more on bankable franchises rather than experimenting on smaller games.
Electronic Arts (EA) has officially become a private company after successfully closing a $55 billion deal. The acquisition, led by an investor group consisting of Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners, was completed on Tuesday. The PIF will reportedly own 93.4 percent of the newly private company. The transaction includes $20 billion in debt financing, making it the largest leveraged buyout in history.
In their words
“As we begin this next chapter, I’m more optimistic than ever about what we’ll create together”
By the numbers
- $55B
- Total value of the deal taking EA private
- 93.4%
- Reported ownership stake of the PIF in EA
- $20B
- Debt financing included in the EA deal
- $68.7B
- Microsoft acquisition deal value for Activision Blizzard
- $12.7B
- Take-Two acquisition deal value for Zynga
How it unfolded
- EA announced the $55 billion privatization deal
- EA announced the privatization deal successfully closed
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Common questions
- What happened with Electronic Arts?
- Electronic Arts has officially closed its deal to become a private company.
- Where can I read the original report?
- Read the full report at the_verge.
